6520 Red Sierra Dr Fort Worth, TX 76112
- Apartment buildings
Current Use by Public Records
- Chaparral Apartment Homes / Apartment Building
Property Details for 6520 Red Sierra Dr
- Year built
- 1969
- Property type
- Apartment buildings
Description
This exceptional 135-unit apartment building, situated in Fort Worth, Texas, presents a compelling investment opportunity. Built in 1969 and renovated in 2000, the two-story garden-style community boasts a current occupancy rate of 89.62%. Located at 6520 Red Sierra Dr, Fort Worth, TX 76112, in Tarrant County, this property benefits from its strategic location within a thriving submarket of the Dallas-Fort Worth metroplex, providing easy access to major employment hubs, educational institutions, and recreational amenities. The strong economic growth and dynamic population of Fort Worth ensure consistent demand and long-term stability. Significant revenue growth potential exists through interior unit renovations, allowing for rent increases to align with market standards and boosting overall net operating income. Furthermore, the property enjoys favorable tax exemptions through a PFC financing program, significantly reducing operating expenses and enhancing the property's financial performance. This multifamily investment offers substantial upside potential in a desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.2176
- Latitude
- 32.7514
