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Property profile & analytics
OFF-MARKET
Apartment buildings

6520 Red Sierra Dr Fort Worth, TX 76112

Built 1969
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1969
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Chaparral Apartment Homes Apartment Building
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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