160 Units Value Add Opportunity Through Capital Improvements and Property Management
Thirty Six Percent of Units Operating Below Market Rents $50-$150
Ability to Place Fresh Debt or Assume Existing Fannie Mae Non-Recourse Debt
Allen Multifamily Team at Colliers International is pleased to present Bella Oaks Apartments. The property is in an established neighborhood located at 3800 Lake Lamond Rd in Fort Worth with easy access to Interstate-20, and State Highways 80,31, and 259. The neighboring property has diverse businesses and various retailers.
The Bella Oaks Apartments, built in 1971, are made primarily with stucco, partial brick exteriors, and concrete slab foundations. The property is comprised of 160 units over twelve buildings spread over 7.98 acres. The flat roof property has individual HVAC’s, is sub-metered for electricity, and has two boiler systems.
Bella Oaks Apartments - 300, Lake Lamond Road, Longview, Gregg County, Texas, 75604, USA
