Property
Beds
9
Full Baths
6
1/2 Baths
None
Year Built
1934
Sq.Footage
N/A
Welcome to Riata Apartments, a rare multi-family investment opportunity in Fort Worth! This 5-unit property offers a total of 3,400 SQFT and is priced at a super competitive pricing point , giving savvy investors the chance to acquire a true value-add project with exceptional upside potential. The property includes five unique units: Unit I 1 bed 1 bath Unit G – Studio Unit H – 2 bed 1 bath Unit M – 2 bed 1 bath Unit N – 4 bed 2 bath This diverse unit mix allows for multiple rental strategies and broad tenant appeal, from single professionals and couples to families seeking more space. Once renovated, Riata Apartments could generate strong, stable income across a variety of lease structures. All units require a full renovation, including flooring, kitchens, bathrooms, paint, roof, electrical, plumbing, and appliances. While the property is currently in rough condition, it represents the perfect blank canvas for investors with vision. With the right rehab plan, Riata Apartments can be transformed into a modern, attractive multi-family community positioned to serve the strong rental demand in Fort Worth. The surrounding area continues to see robust population and job growth, making affordable rentals a sought-after commodity. At this price point, the cost per square foot and per unit is well below market averages, leaving plenty of room for value-add improvements and long-term equity growth. Bring your contractor and your creativity—this is not just a property, it’s a business opportunity. Whether your goal is buy-and-hold for cash flow, reposition and refinance, or renovate and resell, Riata Apartments offers the framework for exceptional returns in one of Texas’ most dynamic rental markets.
Features & Amenities
Interior
-
Other Interior Features
Other
-
Total Bedrooms
9
-
Bathrooms
6
-
Cooling YN
YES
-
Cooling
Multi Units
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Frame
-
Parking
Asphalt
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1607
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$239,999
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Carrollpea
-
Middle School
Morningsid
-
High School
Polytechni
Property Features
-
Foundation Details
Pillar/Post/Pier
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Tarrant
Elementary School
Carrollpea
Middle School
Morningsid
High School
Polytechni
Listing Courtesy of Nir Sheinbein , Texas Ally Real Estate Group
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