Sasha at Jennings

Fort Worth, TX

Info For Buyers

Overview

Summary

Price Market
Address 1412 S Jennings Ave, Fort Worth, TX
# Units 14
Rentable SF 10,810 SF
Year Built 2016

The Sasha at Jennings is a 14-unit multifamily community located in the Near Southside Medical District submarket of Fort Worth, TX. The property was built in 2016 and is comprised of 2, two-story modern buildings with flat roofs. The Sasha at Jennings offers spacious and well-appointed studios and one- and two-bedroom units with an open floor plan concept. Amenities include contemporary interiors with 10-foot ceilings, fully equipped kitchens with stainless steel appliances and quartz countertops, vinyl wood plank flooring throughout, and washers and dryers. On-site reserved parking is available.

Key Facts

Located in the Heart of the Medical District: Within a mile of JPS Health Network, Texas Health Harris Methodist, Cook Children’s Medical Center, Baylor Scott & White All Saints Medical and other medical facilities. TCU’s Burnett School of Medicine is just a 6 minute drive and is projected to create an estimated 31,200 jobs and have an economic impact of $4 billion by 2030.

Walking Distance to Popular Retail and Restaurants: The location boasts a high walkability score of 78, with an eclectic mix of restaurants and retail just minutes away at the nearby Magnolia Village.

Close to Major Employers: Within 10 minutes from Downtown Fort worth and 15 minutes from BNSF Railway, Lockheed Martin, and Downtown Fort Worth.

Additional Income Potential: New owner can maximize income through short-term or mid-term rentals. Current ownership charges a $200 monthly corporate rental premium to sublease for short and mid-term rentals. In Fort Worth, short term rentals are not allowed in residential districts. With its convenient location, the property is ideal for both nightly and corporate rentals.

Modern Living Space in an A-Class Neighborhood: The property features high ceilings and an open layout, with high-end finishes including quartz countertops, stainless steel appliances, and plank flooring throughout.

Strong In-Place Other Income and High Occupancy: Currently 100% occupied, current ownership has already implemented other income for all leases including fire alarm monitoring, trash service fee, pest control and cable and Internet. This allows a new owner to focus on maintaining high occupancy and improving operations.