TCU SFR Portfolio
13 SFR | 52 Beds | 100% Leased
Number of Properties
13
Number of Bedrooms
52
Total Building SF
27,493
Sales Price
Call Broker
Cap Rate
7.26%
Cap Rate - Year 2
7.35%
NOI
$684,431
NOI - Year 2
$693,523
Occupancy (blended)
100.00%
 
PORTFOLIO HIGHLIGHTS
13 Newer Construction Single-Family Homes, Built 2019+. Each Home Is 4 Bedrooms/4 Bathrooms, 2 Car Garages With Large Backyards.
100% Leased Through May 2027. Over 50% Pre-Leased for 2027-2028 School Year.
Portfolio Strategically Acquired and Constructed In Close Proximity To Campus. Each Home Has Similar Layouts and Finishes Giving New Ownership Fantastic Ability To Operate At Scale.
Current Ownership Has Property Management In-House With A Strong Desire To Remain In Place. Management Has Achieved Historically High Occupancy Rates Due To Strong Relationships With On-Campus Organizations And Knowledge Of TCU Rental Market.
LOCATION SUMMARY
Subject Properties Are Located In The Core Student Rental Market, Within Short Distance Of TCU And The Berry Street Corridor. Nearby Businesses Include Purple Frog, Mellow Mushroom, Dutch's Burgers And Buffalo Bros Pizza&Wings.
Conveniently Located Near Credit Tenants Including Kroger, 7-11, Chase Bank, McDonalds And Starbucks.
Core Class A Rental Location For Students, Providing New Ownership With A Competitive Edge In Leasing.
Consistent Rental Demand From Students Due To Proximity To Campus, Resulting In High Occupancy Rates And Reliable Rental Income.
OFFERING PROCESS
Prospective Buyers Interested In Touring The Properties Or Making An Offer Are Requested To Submit A Letter Of Intent With Corresponding Proof Of Funds.
Property Tours Will Be Scheduled Upon Receipt And Review Of A Qualified Letter Of Intent, Accompanied By Acceptable Proof Of Funds.
Please Do Not Contact Ownership Or Tenants Directly. All Correspondence, Questions And Tour Requests Should Be Directed To:
Ross Utley 817.368.7887 Ross@LeagueRE.com
Merida 1
3248 Merida Ave., Fort Worth, TX 76109
Number of Bedrooms
4
Land SF
6,250
Number of Bathrooms
4
Building SF
2,198
Land Acres
.14
Year Built
2021
Merida 2
3250 Merida Ave., Fort Worth, TX 76109
Number of Bedrooms
4
Land SF
6,250
Number of Bathrooms
4
Building SF
2,198
Land Acres
.14
Year Built
2021
Merida 3
3254 Merida Ave., Fort Worth, TX 76109
Number of Bedrooms
4
Land SF
6,250
Number of Bathrooms
4
Building SF
2,090
Land Acres
.14
Year Built
2021
Mission 1
3516 Mission St., Fort Worth, TX 76109
Number of Bedrooms
4
Land SF
7,809
Number of Bathrooms
4
Building SF
2,008
Land Acres
.18
Year Built
2024
Mission 2
3529 Mission St., Fort Worth, TX 76109
Number of Bedrooms
4
Land SF
7,000
Number of Bathrooms
4
Building SF
2,020
Land Acres
.16
Year Built
2024
Mission 3
3532 Mission St., Fort Worth, TX 76109
Number of Bedrooms
4
Land SF
6,655
Number of Bathrooms
4
Building SF
2,011
Land Acres
.15
Year Built
2023
Mission 4
3533 Mission St., Fort Worth, TX 76109
Number of Bedrooms
4
Land SF
7,000
Number of Bathrooms
4
Building SF
2,093
Land Acres
.16
Year Built
2022
Mission 5
3537 Mission St., Fort Worth, TX 76109
Number of Bedrooms
4
Land SF
7,000
Number of Bathrooms
4
Building SF
2,093
Land Acres
.16
Year Built
2022
South Hills 1
2941 S Hills Ave., Fort Worth, TX 76109
Number of Bedrooms
4
Land SF
7,050
Number of Bathrooms
4
Building SF
2,415
Land Acres
.16
Year Built
2019
South Hills 2
2853 S Hills Ave., Fort Worth, TX 76109
Number of Bedrooms
4
Land SF
7,000
Number of Bathrooms
4
Building SF
2,064
Land Acres
.16
Year Built
2025
South Hills 3
2856 S Hills Ave., Fort Worth, TX 76109
Number of Bedrooms
4
Land SF
7,000
Number of Bathrooms
4
Building SF
2,011
Land Acres
.16
Year Built
2025
W Biddison
2816 W Biddison St., Fort Worth, TX 76109
Number of Bedrooms
4
Land SF
8,400
Number of Bathrooms
4
Building SF
2,199
Land Acres
.19
Year Built
2020
Frazier
2717 Frazier Ave., Fort Worth, TX 76110
Number of Bedrooms
4
Land SF
6,250
Number of Bathrooms
4
Building SF
2,093
Land Acres
.14
Year Built
2022