Rowan Multifamily Advisors is pleased to announce the exclusive listing of the North Park Townhomes in Springtown, Texas. Built in 2020, North Park consists of 48 large, townhome style units including three bedroom/two bath units and three bedroom/two and a half bath units with an average of 1,316 square feet per unit. This fourplex style community is located just 20 miles from the outer loop of Fort Worth providing quick access to all of the Fort Worth job centers.
The property includes high end finish outs such as granite countertops, stainless steel appliances, undermount sinks, washer and dryer connections, expansive private yards, direct access garages and nine foot ceilings. North Park is located in Springtown, a Northwestern suburb of Fort Worth with a population of 3,200 people but feeds off the rapid growth of the Dallas/Fort Worth metroplex. There is no other new inventory coming inline in the Springtown market, making Northpark the destination for quality renters in this area.
Investment Highlights
North Park gives a new investor the opportunity to purchase a strong, cash flowing asset in a low competition area just outside of Fort Worth. Though this property is new construction, there are some areas to add value including providing washer and dryer machines to the residents for a $50 premium per month. Other areas for value creation include adding a wireless internet package and billing the residents for this service and adding a community pergola with grilling station.