6701 Calmont Avenue
- Mariposa Park Apartments presents an opportunity to add value through unit upgrades to increase rents to levels achieved by nearby comparables. Unit upgrades could include new cabinets, new hard surface counters, and upgraded appliance packages. Nearby comparable properties with these upgrades are achieving rents $185 per month above Mariposa Park’s in-place rents.
- The property currently leases 19 units to various programs in Tarrant County that provide rental assistance to tenants. These units are currently operated as “all bills paid” by the owner. With these leases burning off, new ownership has the opportunity to renovate and rent these units at market rate while implementing RUBS, to increase utility income by nearly 42%.
- Mariposa Park is perfectly situated blocks from Interstate 30 in West Fort Worth. This gives residents a quick drive to entertainment districts such as West 7th Street, the Near Southside and Magnolia Avenue, the Shops at Clearfork, and Downtown Fort Worth.
- Offered to the market free and clear of existing debt, allowing new ownership to maximize returns with new debt. Contact Greysteel’s Capital Markets team to discuss competitive financing options.
Property Description
THE PROPERTY Mariposa Park is a 52-unit multifamily community located in Fort Worth, Texas, offering investors scale-efficient operations in a durable Texas rental market. The property features a mix of functional unit layouts designed to meet consistent workforce and value-oriented renter demand. With manageable unit count and straight forward operations, Mariposa Park is well suited for both experienced operators and groups seeking to expand or solidify a Fort Worth presence. THE LOCATION Located in Fort Worth, TX, Mariposa Park benefits from one of the fastest-growing metros in the country, driven by population growth, job creation, and business relocations. The property offers convenient access to major employment centers, transportation corridors, retail, and neighborhood services. Fort Worth’s diversified economy and landlord-friendly regulatory environment continue to attract long-term renters, supporting stable occupancy and rent growth. THE OPPORTUNITY Mariposa Park offers investors an attractive going-in yield with durable, in-place cash flow in a supply-constrained Fort Worth submarket. The property’s current income stream provides immediate returns while maintaining additional upside through disciplined expense management and modest rent optimization. Unlike heavy value-add strategies that rely on aggressive capital deployment, Mariposa Park allows investors to prioritize current cash-on-cash returns, downside protection, and stable distributions, making it well suited for yield-focused buyers seeking predictable income in a growing Texas market. FINANCING Mariposa Park is being offered free and clear of existing debt. Contact Greysteel Debt and Structured Finance ([email protected]) to discuss the most efficient financing solutions.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 52 |
| Year Built: | 1964 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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