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3241 Bonnie DrFort Worth, TX 76116
Bonnie Royal Apartments
Asset ClassMultifamily
# Units: 64Occupancy: 95%Year Built: 1985Access Data Room
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Overview

Transwestern Multifamily is pleased to present the exclusive opportunity to acquire the Bonnie Royal Apartments, a 64-unit value-add community in Fort Worth. The gated community sits on 1.7 acres and is near Interstate-30, which serves as the main transportation corridor between Dallas and Fort Worth and accommodates 125,000 vehicles per day.

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Investment Highlights

Well Maintained Asset with Long Term Ownership of 11+ Years

· Significant In Place Yield with Positive Leverage

· Fully Gated Community

 

Classic Interiors with Substantial Value Add Opportunities

· Upgrade Potential in 100% of units

· Implement Utility Reimbursements – Not Currently Billing Back Utilities

· Construct Covered Parking and Reserved Uncovered Parking

· Add smart tech devices to all units

· Install Water Savings Devices

· Implement Bulk Cable/Internet Agreement

· Seller Owns all equipment in Laundry Facilities, Allowing for New Contract

 

Excellent Location Near Numerous Economic Drivers

· The Shops at Clearfork

· Lockheed Martin

· Southside Medical District

· American Airlines

· Texas Christian University

· Ridgmar Mall

· West 7th Entertainment district

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3241 Bonnie DrFort Worth, TX 76116
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Listing provided by Revere CRE