Fort Worth Apartments | 5 Units | 2023 Renovated

Investment Highlights

• Two-Story, Five-Unit Multifamily Property Well Positioned in Fort Worth, Texas
• Partially Updated Units for New Investor to Complete
• Just off Main Artery Close to Restaurants, Shops, and Employment Centers
• Strong Demographics with ±282,449 Individuals and Average Household Income of ±$79,914 (5-Mile Radius)
• Top 5 Metroplex - Tremendous 6.1% Growth Anticipated from 2022-2027 (5-Mile Radius)

 

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present Hemphill Apartments located at 2710 Hemphill Street in Fort Worth, Texas. This Property is a two-story building totaling 3,679 SF and consists of five units that have been partially updated. This Property is offered vacant with a unit mix of (4) one bedroom one-bathroom units along with (1) two bedrooms two-and-a-half-bathroom unit. Recent renovations to each unit include updated kitchen countertops, new flooring, and washer dryer connections.

Fort Worth has been one of the fastest growing cities in the country and due to increased population, there is a high demand for apartment rental units. This property is located just south of the Historic Fairmont/Southside District which has recently seen gentrification of properties south of downtown Fort Worth. With the addition of new restaurants and stores, this part of Fort Worth has seen an increase in demand for rental units while being along the main thoroughfare. The Property benefits from dense 2022 demographics with ±282,449 people and an average household income of ±$79,914 within a 5-mile radius.  The Property is located within a high growth area with population growth of 21% from 2010-2022 and an anticipated 6.1% growth expected from 2022-2027 within five miles of the Property.