Located in the heart of Historical Downtown Grapevine, this thirty-two-unit complex was constructed in 1972, the building consists of eight two-bedroom units and twenty-four one-bedroom units. Residents enjoy the property’s great location within a two-blocks to Main Street offering quaint shops, restaurants, and entertainment at your fingertips. The location is a walker’s paradise with excellent running and bike trails throughout the city and surrounding Lake Grapevine. Lake Grapevine is a short car ride north where you can enjoy boating activities and fi shing. Easy access to the TEX Rail, Grapevine Main, Harvest Hall & Hotel Vin from the property and DFW International Airport is only a ten-minute drive. This is a tremendous opportunity to own a thirty-two-unit complex in the original Historic Township of Grapevine. All the units are separately metered for electricity. If you are seeking a fantastic opportunity in a quaint & walkable small town but with big city amenities, this is property is for you. The property is being sold in “as is” condition and is priced accordingly. Projected CAP is over 4.8% with future rent upside. The apartment market in downtown Grapevine is competitive with its consistently high rent-growth due to high demand for rental properties.
