3500 Renzel BLVD Fort Worth TX Sold With Seller's Reps Kevin Dufour And Kyle Peco
3500 Renzel BLVD, Fort Worth, TX, 76...
Units
278
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
The property asset involved in the transaction is Windrush Apartments, a 278-unit multifamily community located at 3500 Renzel Blvd, Fort Worth, TX. Built in 1984, the property features both apartment and townhome styles, equipped with full-size appliances, vaulted ceilings, and fireplaces. It offers community amenities such as two pools, a fitness center, a basketball court, and picnic areas.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 3500 Renzel Blvd, Fort Worth, TX
- Market: Fort Worth
- Seller: Shore to Shore Properties
- Seller's Representatives: Kevin Dufour, Kyle Peco
- Buyer: Unknown
- Built Year: 1984
- Units: 278
The deal involved Kevin Dufour and Kyle Peco of FourPoint Investment Sales Partners representing the seller, Shore to Shore Properties, in this off-market transaction. The buyer, based in California, intends to implement a value-add program for the property.
Players
Fort Worth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93