6520 Red Sierra Dr | Fort Worth, TX 76112
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6520 Red Sierra Dr
Fort Worth, TX 76112
Chaparral Apartment Homes · Residential Property For Sale · 135 Units
Investment Highlights
- Favorable Tax Exemptions.
- Strategically Located in Fort Worth, TX.
- Significant Financial Upside.
Executive Summary
Capstone is pleased to present Chaparral Apartment Homes, a 135-unit, garden-style community in the thriving city of Fort Worth, TX. Chaparral offers substantial potential to increase revenue through interior unit renovations. Modernizing the units can drive rent premiums, aligning rental rates with higher market standards and boosting overall income. The property benefits from favorable tax exemptions through the PFC financing program. These tax advantages enhance the property's financial performance by reducing operating expenses, thereby improving net operating income and investment metrics. Located in Fort Worth, TX, one of the pillar cities of the Dallas-Fort Worth submarket, the property enjoys excellent access to major employment centers, educational institutions, and recreational amenities. Fort Worth's robust economic growth and dynamic population make it an attractive market for multifamily investments, ensuring strong demand and long-term stability.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 4.59 AC |
| No. Units | 135 | Building Size | 124,382 SF |
| Property Type | Residential | Average Occupancy | 90% |
| Property Subtype | Apartment | Number of Floors | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1969/2000 |
| Building Class | B | Parking Ratio | 1.08/1,000 SF |
| Sale Type | Investment |
| No. Units | 135 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.59 AC |
| Building Size | 124,382 SF |
| Average Occupancy | 90% |
| Number of Floors | 2 |
| Year Built/Renovated | 1969/2000 |
| Parking Ratio | 1.08/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Security System
- Ceiling Fans
- Kitchen
- Wooden Floors
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Oven
- Range
- Views
- Walk-In Closets
- Porch
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Gated
- Laundry Service
- Package Service
PROPERTY TAXES
| Parcel Number | 07245637 | Improvements Assessment | £9,204,409 |
| Land Assessment | £379,750 | Total Assessment | £9,584,158 |
PROPERTY TAXES
Parcel Number
07245637
Land Assessment
£379,750
Improvements Assessment
£9,204,409
Total Assessment
£9,584,158
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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