Sandeep D Balse
License number: 0599503
mobile: (682) 651-5335
www.kanamrealty.­com/
100 N Central Expy
Suite 913
Richardson, TX 75080
$2,200,000
705 Worth Street, Grapevine, Texas 76051, USA
MLS#
21135293
Property type
Residential For Sale, Apartment
Land size
0.51 sqft (0.05 m2)
Building Size
10,118 sqft (940 m2)
Status
Bedrooms
17
Baths
13
Sale price per sqm
0 $
Investor Opportunity – 13-Unit Apartment in Grapevine! Located near Historic Downtown Grapevine, this fully occupied 13-unit multifamily property offers a rare opportunity to acquire a stabilized, income-producing asset in one of the area’s most desirable rental markets. Similar to the nearby 717 E Texas St apartments, this property benefits from strong tenant demand driven by its central Grapevine location and proximity to dining, shopping, and entertainment. The property features a diverse unit mix consisting of eight 1-bedroom units, four 2-bedroom units, and one efficiency unit, providing flexibility and broad rental appeal. Functional layouts and consistent occupancy support stable operations, allowing investors to step into immediate income with established management in place. Residents enjoy convenient access to downtown Grapevine, major employment centers, and transportation corridors, contributing to long-term rental demand. With limited multifamily inventory in this submarket, this 13-unit property presents an excellent opportunity for local investors, portfolio buyers, or 1031 exchange purchasers seeking scale in a proven location. This is a compelling option for investors seeking a stabilized apartment asset with long-term upside in the Grapevine market. Property has been operated as part of a larger multifamily portfolio. Income is supported by current rent rolls. Certain operating expenses have historically been shared at the portfolio level and have been normalized for stand-alone review. Detailed financial information, including rent rolls and portfolio T-12, is available upon request and subject to buyer due diligence. ***Seller Financing NOT available***
Property Details
1972 Year Built:
Building or Complex name: Ticknor Terrace Location:
Brick, Siding Construction:
Siding Exterior Description:
Resale Condition:
Refrigerator, Dishwasher, Disposal Appliances:
Carpet, vinyl Floors:
Window Coverings Windows:
Fire Sprinklers Security Features:
city water, City sewer Utilities:
Central, Electric Heating System:
Central, Electric, Ceiling Fan Cooling System:
Cable Available, Broadband internet access Telecommunication:
On Slab Basement and Foundation:
composition Roofing:
Parking / Garage
26 Number of parking spaces:
Parking Lot Parking type:
School Information
482 School District:
Cannon Elementary School:
Colleyville Heritage High School:
Grapevine Middle School:


Listing by: Bray Real Estate-Ft Worth

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