6520 Red Sierra Dr Fort Worth, TX 76112
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.
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Chaparral Apartment Homes Apartment Building
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.