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3133 Cockrell Ave 2 Unit Apartment Building $3,051,643 CAD ($1,525,821 CAD/Unit) 6.16% Cap Rate Fort Worth, TX 76109
Investment Highlights
- New Construction Off-Campus Student Housing Near TCU
Executive Summary
Prime Investment Opportunity to get into the Student Housing Market near Texas Christian University. New Construction Duplex within walking distance to the campus with leases in place from June of 2026 - 2028. Currently under construction with expected completion in May of 2026. Each unit is 5 BR 5.5 BA with 2297 SQ FT per unit. Each unit is leased for $7000/mo. Tenants pay for all utilities. Includes gated off street parking, 70 in Flat Screen TV's in the living room, Two sets of Washers & Dryers, and Two Refrigerators in the kitchen area.
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,051,643 CAD | Apartment Style | Townhome |
| Price Per Unit | $1,525,821 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.16% | Building Size | 4,594 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2026 |
| Zoning | BU-RA 3 - Multi-Family Zoning within the Berry University Zoning District. | ||
| Price | $3,051,643 CAD |
| Price Per Unit | $1,525,821 CAD |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,594 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2026 |
| Zoning | BU-RA 3 - Multi-Family Zoning within the Berry University Zoning District. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+5 | 2 | $9,732 CAD | 2,297 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03320642 | Total Assessment | $341,649 CAD (2025) |
| Land Assessment | $171,925 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $169,724 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
03320642
Land Assessment
$171,925 CAD (2025)
Improvements Assessment
$169,724 CAD (2025)
Total Assessment
$341,649 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Purple Real Estate LLC
3133 Cockrell Ave
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