Current Use by Public Records
- Lockwood Estate Villas / Apartment Building / Apartment Complex
- Hampshire Terrace Apartments / Apartment Building
Property Details for 5117 Hampshire Blvd
- Year built
- 1962
- Property type
- Apartment buildings
Description
This exceptional 32-unit apartment building, located at 5117 N Hampshire Blvd, Fort Worth, TX 76112, presents a compelling investment opportunity. Built in 1962 and extensively renovated in 2018, the property boasts a strong rental history and significant value-add potential. The asking price is $2,500,000, translating to an attractive price per unit of $78,125. The property is authorized for Section 8 Housing, with approved rent at $1,250 per unit, ensuring consistent cash flow. Over $1 million in capital expenditures since 2017 have modernized key infrastructure, including updated copper wiring and PVC plumbing. Resident convenience is enhanced by on-site laundry facilities. Recent improvements also include a repaved parking lot and new fencing. The property benefits from its strategic location within a network of major thoroughfares experiencing approximately 100,000 vehicles per day, and enjoys strong market demographics with consistent rental demand and comparatively affordable property values compared to neighboring areas. This multifamily asset offers a blend of stable income and significant upside potential for a savvy investor.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.2446
- Latitude
- 32.7361
