Phased Apartment
10520 Tube Drive, Fort Worth, TX 76053
For Sale
$7,125,000
Twelve leased apartments are complete, while approvals and site improvements support construction of 20 additional units.
Property Size48,000 SF
Days on Market12
Property Features for 10520 Tube Drive
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
TEXAS ALLIANCE REAL ESTATE
Listed By:
Sarfaraz Hansraj · License #0646963
(469) 569-1420
Source:
Sukazarealty
Added: Oct 27
Changed: Nov 6
Last Checked: Nov 6 at 2:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TEXAS ALLIANCE REAL ESTATE
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Investment Insights
Based on property information with market context.
The planned 32-unit apartment community comprises eight buildings, each designed for four units. Three buildings, totaling 12 apartments, are complete and fully leased. The other five buildings account for 20 planned units and are positioned for the next construction phase. Architectural drawings are complete and ready for permit submission; plans for one building have undergone City review, with a small number of comments remaining.
Electricity, water, sewer, and fiber service have been extended to each of the five future building sites. Concrete work for the internal roads and parking areas is also finished, and the City has approved the site plan. A builder’s estimate for completing the remaining buildings is available to qualified buyers.
Electricity, water, sewer, and fiber service have been extended to each of the five future building sites. Concrete work for the internal roads and parking areas is also finished, and the City has approved the site plan. A builder’s estimate for completing the remaining buildings is available to qualified buyers.
Key Highlights
- 32 planned apartments in eight buildings, with four units per building
- Three completed buildings contain 12 fully leased units
- Five remaining buildings provide for 20 additional apartments
Property Analytics
Lease Details
32
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
Business Placement
Demographics for 76053, TX
31,935
Population
12,803
Households
2.5
Avg Household Size
36
Median Age
29%
College-Educated
87%
High-School Grad
8.1 sq mi
ZIP Area
3,943
Density / Sq Mi
$62,402
Median Household Income
$39,147
Median Earnings
$1,322
Median Rent
$254,800
Median Home Value
Market
Properties on Market for Apartment buildings in Tarrant County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Twelve leased apartments are complete, while approvals and site improvements support construction of 20 additional units.
Where is this apartment building located?
The property is located at 10520 Tube Drive Fort Worth, TX.
What is the asking price?
The asking price for this property is $7,125,000.
What are key features of this property?
This property features: 32 planned apartments in eight buildings, with four units per building; Three completed buildings contain 12 fully leased units; Five remaining buildings provide for 20 additional apartments
