Bridgewood Apartments

1801 Edgewood Drive, Bridgeport, Texas 76426

Property Available for: Sale

Property Type: Multi-Family

Sub-Type: Apartments

Asking Price: $3,175,000

Contact Agent

Steven Geis

C: (940) 368-5559

E-mail

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Property Description
Bridgewood Apartments is a beautiful, Class A apartment community along the rapidly growing Bridgeport/Decatur/US 380 corridor with expanding retail, medical and residential. Built in 2002/2004, this property enjoys high demand with liitle to no direct competition in the surrounding area. Rental demand is strong and the property has high historical occupancy.

The property consists of 39 total units. 3 buildings, all brick construction with minimal siding for accent purposes, sitting on approx 2 acres with an additional 1.92 acres for expansion. There are 15 garage units on site available to rent for vehicles or storage. Individually metered for both electric and water with tenant paying for BOTH. Central HVAC. Individual hot water heater units. Stackable washer/dryer in each unit.
Location Description
Bridgeport/Decatur is part of the Dallas/Fort Worth Metroplex. It is 35 minutes from Denton,Texas and 40 minutes from Fort Worth,Texas. It is 55 minutes from Dallas,Texas. Decatur is one of the fastest growing cities in Texas. Wise County is the fourth fastest growing county in Texas.
Highlights

- Very Strong Historical Occupancy
- Currently 92% Occupied
- High Demand With Low Competition
- Beautiful Class “A” Property
- Built 2002 / 2004
- Land for Developing More Units
- Growth Area with Expanding Retail, Medical & Residential

No Financial Details available at this time.
No Debt & Equity available at this time.
3 Bd/2 Bth

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1 Bd/1 Bth

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