Investment Highlights
– 168 Unit Tremendous Value Add Opportunity
– Upside Through Property Management by Increasing
– Attractively Priced at $24.11 per Rentable Square Foot
– 43 Percent Townhome Units
– 68 Percent Two-Bedroom Units
– Easy Access to Interstate-30 and Schools are in Walking
The Sierra Hermosa is a 168-unit, separately metered asset located in Fort Worth, TX, on Las Vegas Trail near W. Camp Bowie Boulevard with easy access to Highway 820, Interstate 30, and only nine miles from downtown Fort Worth.
The complex benefits from a 16,056 daily traffic count, Fort Worth “The T” city bus lines, and neighborhood retail stores on W. Camp Bowie Blvd. Western Hills Elementary and Western Hills High Schools are both in walking distance.
The 1970-built, flat mansard roof property is comprised of 41 buildings and 114 of 168 units (68%) are two-bedroom units. In addition, 72 of the 114 two bedrooms are townhome style. There are three onsite laundry facilities, seven different floor plans, and three boiler rooms. The 8.6 acre property has a large leasing office which could be used as a business/family event center. The owner has made improvements by replacing 95 percent of the mansard siding, as well as the commercial tile flooring.
Sierra Hermosa Apartments - Las Vegas Trail, Fort Worth, Tarrant County, Texas, 76116, USA
