$1,750,000
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20 Beds
20 Baths
0.34 Acres Lot
SOLD DATE : 08/25/2023
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision South Hemphill Heights Add
MLS Listing ID 20242073
Sold Date 08/25/23
Bedrooms 20
Full Baths 20
HOA Y/N None
Total Fin. Sqft 12392
Year Built 1961
Lot Size 0.344 Acres
Acres 0.344
Property Description
NEW OFFERING MEMORANDUM, FINANCIALS, AND RENT ROLL WILL BE AVAILABLE MONDAY, JULY 24. Location, land value, 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. 2 walk in closets in each bedroom! Most kitchens have all new stainless steel appliances. Retro-feel community designed with modern landscaping and washer, dryer on site. Many residents RUBS. 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. Seller will not seller finance or carry any portion of the loan. Title is already open at Independence Title and will not be moved.
Location
State TX
County Tarrant
Community Curbs, Laundry, Other
Direction GPS
Interior
Interior Features Granite Counters, High Speed Internet Available, Multiple Staircases, Natural Woodwork, Open Floorplan, Walk-In Closet(s)
Heating Electric, Other
Cooling Electric, Other
Flooring Laminate
Appliance Built-in Gas Range, Gas Cooktop, Gas Oven, Plumbed For Gas in Kitchen, Refrigerator
Heat Source Electric, Other
Exterior
Fence None
Community Features Curbs, Laundry, Other
Utilities Available City Sewer, City Water
Roof Type Flat,Other
Total Parking Spaces 20
Garage No
Building
Story Two
Foundation Pillar/Post/Pier
Level or Stories Two
Structure Type Brick,Concrete,Vinyl Siding,Wood
Schools
Elementary Schools Morningsid
Middle Schools Rosemont
High Schools Polytechni
School District Fort Worth Isd
Others
Ownership On Record
Acceptable Financing 1031 Exchange, Cash, Contract, Conventional, Other
Listing Terms 1031 Exchange, Cash, Contract, Conventional, Other
Financing Private
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Bought with Nick Premer • eXp Realty LLC