Sasha at University

Fort Worth, TX

Info For Buyers

Overview

Summary

Price Market
Address 2500 S University Dr, Ft. Worth, TX
# Units 20
Rentable SF 16,428 SF
Year Built / Reno'd 1929 / 2007

The Sasha at University is a renovated 20-unit apartment community located in the Texas Christian University (TCU) District submarket of Fort Worth, TX. The property was built in 1929 and is comprised of two well-maintained brick buildings with distinctive architectural details including oversized arched windows. Spacious and contemporary one- and two-bedroom floor plans are offered with amenities including refinished hardwood flooring, fully equipped kitchens with granite countertops, and washer and dryer connections. The buildings are situated on a professionally maintained 0.72-acre corner lot located a half-mile from TCU with quick access to downtown Fort Worth and the Medical District.

Key Facts

PRIME LOCATION: Located in University West in Fort Worth, the property is within walking distance to TCU and various eateries. Attractions such as the Cultural District, Fort Worth Zoo, and Fort Worth Botanic Garden are all within a 5-6 minute drive. The property is also adjacent to a neighborhood with homes valued at over $1 million.

CLOSE TO BIGGEST EMPLOYERS: Downtown Fort Worth is just 8 minutes from the property while Lockheed Martin is a 15-minute drive. In just 10 minutes, residents can access numerous medical facilities including Texas Health Harris Methodist, Cook Children’s Medical Center, and Baylor Scott & White All Saints Medical. The Burnett School of Medicine, which is about 2 miles away, is projected to create an estimated 31,200 jobs and have an economic impact of $4 billion by 2030.

EXTENSIVE UPDATES AND ATTRACTIVE AMENITIES: Plumbing and electric were updated in 2007, and previous owner put in a new roof in 2018. Units include granite countertops, tile surround, hardwood floors, and full-sized washer and dryer hookups. Pet-friendly community with an enclosed area for dogs and residents to enjoy.

MAXIMIZE INCOME POTENTIAL WITH SHORT-MID TERM RENTALS: New owner can test the market for short and mid-term rentals to accommodate traveling healthcare professionals, students and others seeking temporary accommodation to diversify tenant base and boost NOI and occupancy. Property is in Zoning District “E,” which is Neighborhood Commercial.