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
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