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North Hills Crest 3501 N Hills Dr 122 Unit Apartment Building For Sale Haltom City, TX 76117
Executive Summary
Investment highlights
REO Opportunity - Bank ownership brings a motivated, institutional seller focused on timely execution and a clean closing process
Rent Promotion - Rents significantly lower than market comps provide the opportunity to push rents and increase NOI while keeping rents affordable for current tenants
Strategic DFW Location - Direct access to Fort Worth's employment centers through proximity to I-820, I-35 W, Hwy 121, Hwy 377, and Hwy 183
Low Supply Submarket - Limited deliveries and new construction shield this asset from near-term competitive supply pressure and support outsized future rent growth
Operational Upside - Opportunity to tighten expense controls and close the gap to submarket-stabilized performance. Potential to implement a RUBS program to recover utility expenses and boost NOI
To sign the Confidentiality Agreement, visit https://www.wellingtonrealty.com/property/north-hills-crest
Once signed, you will have access to the Data Room.
REO Opportunity - Bank ownership brings a motivated, institutional seller focused on timely execution and a clean closing process
Rent Promotion - Rents significantly lower than market comps provide the opportunity to push rents and increase NOI while keeping rents affordable for current tenants
Strategic DFW Location - Direct access to Fort Worth's employment centers through proximity to I-820, I-35 W, Hwy 121, Hwy 377, and Hwy 183
Low Supply Submarket - Limited deliveries and new construction shield this asset from near-term competitive supply pressure and support outsized future rent growth
Operational Upside - Opportunity to tighten expense controls and close the gap to submarket-stabilized performance. Potential to implement a RUBS program to recover utility expenses and boost NOI
To sign the Confidentiality Agreement, visit https://www.wellingtonrealty.com/property/north-hills-crest
Once signed, you will have access to the Data Room.
Property Facts
| Sale Type | Investment | Lot Size | 5.19 AC |
| No. Units | 122 | Building Size | 80,000 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.17/1,000 SF |
| Zoning | D Haltom City | ||
| Sale Type | Investment |
| No. Units | 122 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.19 AC |
| Building Size | 80,000 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | D Haltom City |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 80 | - | 400 - 460 |
| 2+1 | 42 | - | 600 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $11,478,464 CAD | |
| Land Assessment | $471,409 CAD | Total Assessment | $11,949,872 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$471,409 CAD
Improvements Assessment
$11,478,464 CAD
Total Assessment
$11,949,872 CAD
Contacts
-
Trey Kingston -
Joel Foster -
Thomas Jeansonne -
Jaret Carlsen -
Michael Spamer
-
Wellington Realty
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North Hills Crest | 3501 N Hills Dr
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