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6626 Reeves St
Richland Hills, TX 76118
Richland Court · Multifamily Property For Sale · 46 Units

INVESTMENT HIGHLIGHTS

  • Prime Location: Just 15 minutes from Downtown Ft. Worth, DFW Airport, and major highways, with proximity to malls and key amenities.
  • Community Benefits: Located near bustling intersections, retail outlets, and educational institutions
  • Capital Improvements: Over $1M invested in both exterior and interior upgrades, enhancing aesthetic appeal and functionality.
  • Upside Potential: Numerous value-add opportunities available
  • Well-Maintained Asset: Strong unit mix, individual HVAC, and hot water systems.
  • Financing Options: Positive leverage with assumable FSBL proceeds and favorable fixed rates, offering flexibility for potential buyers.

PROPERTY FACTS

No. Units 46
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.68 AC
Building Size 37,900 SF
Average Occupancy 85%
No. Stories 2
Year Built 1970
Parking Ratio 2.03/1,000 SF
Zoning R-4, Richland Hills - Residential

AMENITIES

UNIT AMENITIES

  • Balcony
  • Dishwasher
  • Disposal
  • Ceiling Fans
  • Ice Maker
  • Walk-In Closets
  • Carpet
  • Pantry
  • Patio
  • Window Coverings

SITE AMENITIES

  • 24 Hour Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Recycling
  • Trash Pickup - Curbside
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 26 - 650
2+1.5 20 - 1,050

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
42072466
Land Assessment
$199,842
Improvements Assessment
$5,270,038
Total Assessment
$5,469,880
  • Listing ID: 31158235

  • Date on Market: 2024-03-08

  • Last Updated:

  • Address: 6626 Reeves St, Richland Hills, TX 76118

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