Building Details

Year Built 2009

Buildings 1

Listing Agency: The Michael Group Real Estate

Listed By: Angela Hague · License #0698538 Show Phone

Source: Christenberrygroup

Added: Jul 20 Changed: Oct 9 Last Checked: Oct 7 at 5:19PM

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Investment Insights

Based on property information with market context.

This 4,370-square-foot quadplex contains four occupied residences on a 1+ acre parcel in Weatherford. Constructed in 2009, the property combines stained concrete in the living and kitchen areas with carpeted bedrooms. Each unit includes a kitchen equipped with a dishwasher, electric range, microwave, refrigerator, and electric water heater. Primary suites have private baths with showers and dual sinks, and central air supports interior comfort.

Individual chain-link enclosures define the outdoor areas for each residence, providing separate yard space. The property is located at 121-127 Sunburst Court in Weatherford, Texas. Lawn maintenance is handled by the landlord, and current lease end dates extend through October 2026 and February 2027.

Key Highlights

• Four‑unit property is fully occupied
• 4,370 SF quadplex built in 2009
• Situated on a 1+ acre lot in Weatherford

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,450

Cap Rate

8.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,329,000 $1.3M

Cap Rate 7%

$949,286 $949.3K

Cap Rate 9%

$738,333 $738.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,370 SF

Gross rent

$135.3K $30.96/SF

− Vacancy

−$14.5K −$3.31/SF

EGI

$120.8K $27.65/SF

− OpEx

−$54.4K −$12.44/SF

NOI

$66.5K $15.21/SF

Area

Parker County, TX

Vacancy

10.70%

Lease Rate

$30.96 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,329,000

Cap Rate 7%

$949,286

Cap Rate 9%

$738,333

Alternative Uses

Best Use

Multifamily LT 5

$1.10M

$960.5K – $1.28M (±1% cap)

NOI $76,840 @ 7.0% cap · market cap 10.11%

Second Best

Apartment 5plus

$949.3K

$830.6K – $1.11M (±1% cap)

NOI $66,450 @ 7.0% cap · market cap 8.74%

Theoretical Best

Industrial

$4.34M

$3.80M – $5.07M (±1% cap)

NOI $303,961 @ 7.0% cap · market cap 39.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Electrical Service Nail Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

32

Businesses Nearby

Explore this area Business Placement

Demographics for 76087, TX

33,346

Population

13,290

Households

2.5

Avg Household Size

41

Median Age

40%

College-Educated

92%

High-School Grad

185.5 sq mi

ZIP Area

180

Density / Sq Mi

$108,499

Median Household Income

$59,622

Median Earnings

$1,775

Median Rent

$352,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Fenced outdoor areas serve each residence, while primary suites include private baths.

Where is this quadplex located?

The property is located at 121-127 Sunburst Ct Weatherford, TX.

What is the asking price?

The asking price for this property is $760,000.

What are key features of this property?

This property features: Four‑unit property is fully occupied; 4,370 SF quadplex built in 2009; Situated on a 1+ acre lot in Weatherford