504 Kemp Blvd | Wichita Falls, TX 76301
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- LoopNet Team
504 Kemp Blvd
Wichita Falls, TX 76301
Stone Ridge Apartments · Residential Property For Sale · 228 Units
Investment Highlights
- Two-story, garden-style apartment portfolio presenting a value-add opportunity as the asset is currently 75%-occupied.
- The historical vacancy is usually 10% or lower, and this property is one of the most competitive rentals in the market.
- Interior upgrades completed feature black appliances, hardwood-inspired flooring, and resurfaced counters.
- Surrounded by 94,140 residents within five miles that have an average household income of nearly $60,000.
- Major employers in the area include the Sheppard Air Force Base, United Regional Medical Center, Midwestern State University, Walmart, and more.
PROPERTY FACTS
| No. Units | 228 | Lot Size | 7.04 AC |
| Property Type | Residential | Building Size | 157,744 SF |
| Property Subtype | Apartment | Average Occupancy | 89% |
| Apartment Style | Garden | Number of Floors | 2 |
| Building Class | C | Year Built | 1972 |
| No. Units | 228 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.04 AC |
| Building Size | 157,744 SF |
| Average Occupancy | 89% |
| Number of Floors | 2 |
| Year Built | 1972 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Patio
Site Amenities
- Laundry Facilities
- Pool
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 18 | - | - |
| 1+1 | 66 | - | - |
| 2+1 | 144 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £6,857,776 | |
| Land Assessment | £144,877 | Total Assessment | £7,002,653 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£144,877
Improvements Assessment
£6,857,776
Total Assessment
£7,002,653
zoning
| Zoning Code | MF |
| MF |
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