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    5833 Shadydell Dr Fort Worth, TX 76135

    Sponsored
    For Sale
    $6,120,000

    36-unit townhome complex, high ROI.

    Property size:
    39,168 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a portfolio of nine quadraplexes totaling 36 two-story townhomes in Fort Worth, Texas. Built in 1985 and significantly renovated between 2021 and 2023, this Class B multifamily property boasts 39,168 square feet on a 2.8-acre lot. The property currently enjoys a 90% occupancy rate, generating a Net Operating Income (NOI) of $367,678, representing a 6.01% cap rate. A pro-forma NOI of $428,018 projects a 6.99% cap rate, reflecting the potential for increased rental income. Each unit features two bedrooms, one and a half bathrooms, and approximately 1088 square feet of living space, including a patio and covered carport parking for two vehicles. Thirty units have been fully renovated, while six units offer an opportunity for value-add improvements to further enhance rental income. The property is situated in a high-employment area near the Fort Worth Marina and BNSF Railway, ensuring strong rental demand. The asking price is $6,120,000, or $170,000 per unit, significantly below the average townhome price in the Dallas-Fort Worth area. The current average effective rent is $1,300, while market rent averages $1,450-$1,500, presenting a clear path to increased cash flow. All current tenants are on annual leases. The property is zoned residential and offers potential for individual parcel sales to cash buyers with a 30-day closing. This is a compelling value-add investment with significant upside potential.

    Property Features for 5833 Shadydell Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    39,168 SF
    Class
    B
    Lot Size
    121,968 SF

    Building Details

    Year Built
    1985
    Buildings
    9
    Stories
    2
    Units
    36

    HighLights

    • High occupancy rates in a strong Fort Worth rental market.
    • Exceptional value at $170,000 per unit, significantly below the DFW average.
    • Opportunity to utilize bonus depreciation tax benefits.
    • Prime location in a high‑employment area near the Fort Worth Marina and BNSF Railway.
    • Two‑bedroom, one‑and‑a‑half‑bath townhomes (1088 sq ft), with patios and covered carport parking.
    • 30 renovated units; potential for value enhancement by renovating the remaining six.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4159475
    Latitude
    32.8217417

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    FAQs

    What type of property is this?
    Multifamily property - 36-unit townhome complex, high ROI.
    Where is this multifamily property located?
    The property is located at 5833 Shadydell Dr Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $6,120,000.
    What are key features of this property?
    This property features: High occupancy rates in a strong Fort Worth rental market.; Exceptional value at $170,000 per unit, significantly below the DFW average.; Opportunity to utilize bonus depreciation tax benefits.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5833 Shadydell Dr Fort Worth, TX 76135
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