UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision S Anderson
MLS Listing ID 21286056
Bedrooms 36
Full Baths 12
HOA Y/N None
Total Fin. Sqft 10452
Year Built 1971
Annual Tax Amount $19,625
Lot Size 0.701 Acres
Acres 0.701
Property Sub-Type Apartment
Property Description
Rare chance to acquire a fully stabilized, cash-flowing 12-unit apartment complex in one of North Texas's fastest-growing exurban markets. Situated on 0.70 acres in the heart of Weatherford (Parker County), this turnkey asset is currently 100% leased with strong in-place rents and proven, sustained demand.
The all 3 bedroom, 1 bath unit mix is a standout in this submarket, appealing to families and roommates alike and supporting both rent premiums and low turnover. Units have been tastefully remodeled, featuring fresh paint, hard surface flooring throughout, updated lighting, updated bathroom finishes, spacious bedrooms, and bright natural light. Each unit offers a large living area with separate dining and kitchen space and is individually metered. Tenants pay their own utilities, keeping owner expenses low and NOI strong. Off street parking and a quiet, established community setting round out the appeal.
The financials tell the story: stable rental income, a lean operating expense profile, and meaningful value add upside through continued rent optimization and unit improvements. This is a true pride of ownership investment that performs today while leaving room to grow.
Tenants enjoy quick access to historic downtown Weatherford, shopping, dining, and major employers, with an easy commute to Fort Worth via I-20. The property sits within Weatherford ISD and minutes from local schools and parks, factors that keep occupancy high and tenants in place.
Ideal for first time multifamily buyers, 1031 exchange investors, or seasoned operators seeking dependable cash flow plus upside.
PLEASE DO NOT DISTURB TENANTS. All units are occupied. Interior inspections will be permitted only after an executed contract. Please do not approach or disrupt residents. Financials, rent roll, and pro forma available to qualified buyers upon request.??????
Location
State TX
County Parker
Direction South Main St. to W. Rentz St. GPS to address.
Interior
Interior Features Cable TV Available, Eat-in Kitchen, High Speed Internet Available
Heating Electric
Cooling Electric, Wall Unit(s)
Flooring Combination, Luxury Vinyl Plank, Tile, Vinyl
Appliance Electric Range, Gas Range, Refrigerator
Heat Source Electric
Exterior
Exterior Feature Barbecue, Courtyard, Lighting, Uncovered Courtyard
Fence Back Yard, Full, Vinyl, Wood
Utilities Available Asphalt, Cable Available, City Sewer, City Water, Community Mailbox, Individual Water Meter
Roof Type Built-Up
Garage No
Building
Lot Description Interior Lot, Landscaped, Many Trees, Oak
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick,Siding
Schools
Elementary Schools Curtis
Middle Schools Hall
High Schools Weatherford
School District Weatherford Isd
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Owner/ Agent
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21286056
Nearby School & Business
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