2701 Hemphill Street, Fort Worth, Texas 76110
- $1,900,000
- 20
- BD
- List Price
- $1,900,000
- Price Change
- ▼ $200,000 1678152673
- MLS#
- 20242073
- Status
- ACTIVE
- Type
- Multifamily
- Year Built
- 1961
- Construction Status
- Preowned
- Bedrooms
- 20
- Full Baths
- 20
- Acres
- 0.34
- County
- Tarrant
- City
- Fort Worth
- Subdivision
- South Hemphill Heights Add
- Building Name
- Fontaine Apartments
Property Description
ADDITIONAL IMPROVEMENTS MADE TO PROPERTY! Investor GEM. If you know... you know. Location, land value, and excellent resident retention. Ready to cash flow! The Fontaine Apartments. 20 units, 16 completed updated, 4 some updates (long term residents). All 1 bd, 1 bth. Close to Magnolia District, TCU, Medical District, public trnsprtn. Renovated boutique style community. New flooring, tile, paint, and fixtures. Great sized bedroom and bathroom, 2 walk in closets in each unit! Most kitchens have all new stainless steel appliances and nook area. Retro-feel community designed with modern landscaping and washer, dryer on site. Many residents RUBS. Attached docs with complete list of updates and financials. MAJOR work Exterior (2020) Electric, new wiring and panel(2020) Mini Split HVACs(2021) Plumbing(2022) New Pavement parking lot and paint assigned spaces (2023) Cosmetic updates completed over 3 yrs. Professionally managed. Offering Memoradum and financials available from Judy Andujar.
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Additional Information
- HOA
- No HOA
- Annual Insurance
- 14825
- Total Annual Expenses
- Accounting, Gardener, Insurance, Legal, Licenses, Maintenance, Maintenance Grounds, Maintenance Structure, Manager, New Tax, Parking, Pest Control, Professional Management, Supplies, Trash, Utilities, Vacancy Allowance, Water/Sewer, Other
- Gross Annual Expenses
- 69178
- Gross Annual Income
- 195300
- Lot Size
- 14,984
- Acres
- 0.34
- Subdivided
- No
- Handicap Yn
- Yes
- Interior Features
- Granite Counters, High Speed Internet Available, Multiple Staircases, Natural Woodwork, Open Floorplan, Walk-In Closet(s)
- Flooring
- Laminate
- Foundation
- Pillar/Post/Pier
- Roof
- Flat, Other
- Stories
- 2
- Street Utilities
- City Sewer, City Water
- Heating Cooling
- Electric, Other
- Construction Material
- Brick, Concrete, Vinyl Siding, Wood
- Parking Garage
- Assigned, Parking Lot, Private
- Total Num Parking
- 20
- School District
- Fort Worth Isd
- Elementary School
- Morningsid
- Middle School
- Rosemont
- High School
- Polytechni
- Possession
- Closing/Funding
- Building Sq. Ft.
- 12392
- Number of bldgs.
- 1
- Number of units
- 20
- Occupancy Rate
- 100
- Tenancy
- Over 9 Months, Pet Restrictions, Pets Allowed
- Possession
- Closing/Funding
- Cap Rate
- 5.86
- Community Features
- Curbs, Laundry, Other
Mortgage Calculator
Listing courtesy of Judy Andujar from Navigate Management Co. LLC. Contact: 469-865-8350