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3500 Renzel BLVD, Fort Wort...

3500 Renzel BLVD Fort Worth TX Sold With Seller's Reps Kevin Dufour And Kyle Peco
SOLDMultiFamily

3500 Renzel BLVD Fort Worth TX Sold With Seller's Reps Kevin Dufour And Kyle Peco

3500 Renzel BLVD, Fort Worth, TX, 76...

Building Size

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

Kyle Peco

Broker

3 deals

Broker

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