2701 Hemphill St Fort Worth, TX 76110

Property Details for 2701 Hemphill St

Year built

1961

Lot size

0.34 lot acres

Property size

15,000 SF

Property type

Commercial real estate

APN

2812452

Description

This exceptional 20-unit apartment building, the Fontaine Apartments, presents a compelling value-add investment opportunity in the rapidly growing city of Fort Worth, Texas. Built in 1961 and situated on a 0.34-acre lot, this Class C property boasts 13,780 square feet of net rentable space across a two-story building. All 20 one-bedroom, one-bathroom units, each approximately 689 square feet, have undergone complete renovations. The property benefits from recent capital improvements including a roof replacement four years ago and a fresh exterior paint job in 2022. Currently operating at 85% occupancy, the Fontaine Apartments offer significant upside potential. Its prime location, less than a mile from I-35W and within a mile of Daggett Elementary and Middle School, provides exceptional accessibility. The property is also conveniently located near the trendy Magnolia Avenue, known for its vibrant atmosphere, and is approximately two miles from the Fort Worth Medical District, a major economic driver generating a $5.5 billion annual economic impact for Tarrant County. The surrounding neighborhood boasts a median income of $55,947 (CoStar data), further supporting the property's strong investment prospects. The Fontaine Apartments are offered free and clear of any existing debt. This turnkey property is ideally positioned to deliver strong returns for the discerning investor. The property's address is 2701 Hemphill St, Fort Worth, TX 76110. The total square footage is 15,000 square feet.

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Longitude

-97.33144883

Latitude

32.71314688