Description

Windsor Park consists of 50 single family homes leased out and operated as a rental community in Fort Worth, TX. The homes are the newest in a large residential development where the single family properties are owner occupied. Construction was completed in November 2010 and the project consists of 69,190 leasable square feet. All homes are constructed utilizing modern building practices on a rein-forced concrete slab foundation with brick veneer and pitched composition roofs. The homes include a modern amenity package which includes: spacious two car garages, open kitchens with large pantries, oversized master bedroom closets, laundry rooms, fenced backyards (with the tenants utilizing the current owner's landscaping company per their lease at a cost of $50/month to the tenant) . The project is a unique concept targeting renters who wish to live in a home. With little to no competition in the area Windsor Park is likely to provide an investor with strong future returns. An investor could sell off the homes to the current tenants or new buyers in the future. Given the current historic low single family interest rates, this latter scenario could be very profitable.

The property is located near the corner of McCart Avenue and Sycamore School Road (a major intersection with an Albertson' s Grocery Store and several other national credit retailers). The median household income in a 1-mile radius is $74,885/year. There is a new YMCA facility located immediately west across McCart Avenue from the development and Creekside Park located to the Northeast. While Windsor Park is located within the City of Fort Worth it is served by the Crowley Independent School District. Meadowcreek Elementary School is a PK thru 4th grade school servicing the area, recognized by the State of Texas, with a favorable 16.2 to 1 student to teacher ratio. Windsor Park is less than 15 minutes from Downtown Fort Worth while Lake Benbrook, Eagle Mountain Lake & Lake Worth are also just a short drive. Finally, the historic Fort Worth Stockyard's dining and recreation district is only 20 minutes away.