4316 Baldwin Ave Fort Worth, TX 76115
- Commercial real estate
- 58,500 SF
- 1.34 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4316 Baldwin Ave
- Year built
- 1968
- Lot size
- 1.34 lot acres
- Property size
- 58,500 SF
- Property type
- Commercial real estate
- APN
- 03280675 // 03280594
Description
This exceptional 54-unit apartment building, Vista Del Sol, presents a compelling value-add opportunity in the thriving Fort Worth, Texas market. Built in 1968, this Class C property boasts 58,500 square feet, with 35,570 square feet of net rentable space spread across eight, two-story buildings situated on a 1.34-acre lot. Currently enjoying a remarkable 98% occupancy rate, significantly exceeding the local average, this property offers immediate cash flow. The unit mix includes 22 one-bedroom/one-bathroom and 32 two-bedroom/one-bathroom apartments, averaging 659 square feet each. Significant capital improvements have been made in recent years, including asphalt repair (2019), full exterior painting and carpentry, new outdoor lighting and camera systems (2020), two new boiler installations (2022 & 2023), renovated laundry rooms with new machines, and upgrades to 53 units featuring laminate flooring, ceiling fans, LED lighting, and mini-blinds. Water-saving fixtures have been installed in 60% of the units. Further improvements include replaced handrails, railroad ties, and concrete pads for trash dumpsters. The property is debt-free, presenting a unique opportunity for significant value enhancement through various strategies, including implementing a Ratio Utility Billing System (RUBS) for electricity, developing rentable self-storage units, installing carports, introducing a cable/internet package, and completing water conservation fixture installations in the remaining units. Located just five miles south of downtown Fort Worth, within the rapidly growing Dallas-Fort Worth metroplex, this property benefits from convenient access to major highways (I-35W and I-20) and a strong local economy, with a median income of $56,172 within a five-mile radius. The property's prime location near Rosemont Schools, Magnolia Avenue, and downtown Fort Worth, along with its proximity to five colleges and universities, ensures strong rental demand.
Value Estimation
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CAP approach
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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
- -97.338221354111
- Latitude
- 32.684203149192
