5833 Shadydell Dr Fort Worth, TX 76135

This exceptional investment opportunity presents a portfolio of nine quadraplexes totaling 36 two-story townhomes in Fort Worth, Texas. Built in 1985 and significantly renovated between 2021 and 2023, this Class B multifamily property boasts 39,168 square feet on a 2.8-acre lot. The property currently enjoys a 90% occupancy rate, generating a Net Operating Income (NOI) of $367,678, representing a 6.01% cap rate. A pro-forma NOI of $428,018 projects a 6.99% cap rate, reflecting the potential for increased rental income. Each unit features two bedrooms, one and a half bathrooms, and approximately 1088 square feet of living space, including a patio and covered carport parking for two vehicles. Thirty units have been fully renovated, while six units offer an opportunity for value-add improvements to further enhance rental income. The property is situated in a high-employment area near the Fort Worth Marina and BNSF Railway, ensuring strong rental demand. The asking price is $6,120,000, or $170,000 per unit, significantly below the average townhome price in the Dallas-Fort Worth area. The current average effective rent is $1,300, while market rent averages $1,450-$1,500, presenting a clear path to increased cash flow. All current tenants are on annual leases. The property is zoned residential and offers potential for individual parcel sales to cash buyers with a 30-day closing. This is a compelling value-add investment with significant upside potential.