Opportunity to Own in Fort Worth’s Newest Entertainment District
Rowan Multifamily Advisors is pleased to announce the exclusive listing of Crest River District, a 60-unit multifamily property located in Fort Worth, Texas. This quality, 1980 construction asset is situated in Fort Worth’s River District, which is a unique locally-cultivated community offering the best of outdoor pursuits, unique restaurants, luxury living options and boutique office space. Crest River District is the only multifamily property in the district that is older than 2017 which makes it one of the only affordable alternative to new construction multifamily or single family rentals.
The property has gone through extensive capital improvements over the past two years to both the exterior and unit interiors. Current ownership has infused almost $500,000 into the property including exterior paint, landscaping, leasing office and laundry room renovation, parking lot repairs and interior upgrades. A new investor will be able to continue the premium finish out the current owner has proven on 13% of the units and benefit from an improving location that is seeing new projects from numerous national development groups.