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Multifamily For Sale
111 Merritt Street
Fort Worth, TX 76114
What's Special
Welcome to 111 Merritt Street in Fort Worth! Located in the heart of the River District and perfectly positioned just minutes from downtown, the Cultural District, and the Stockyards, these properties offer unbeatable access to some of the city’s best dining, entertainment and easy access to the Trinity Trails.
• The Merritt Condominiums Is A 36-Unit Development In The Highly Sought-After River District Area Of Fort Worth, Texas.
• Built In 2025, This Trophy Asset Has A Brick/Stucco Exterior, Concrete Foundations And Parking Lot, With Pitched Composition Roofs And Beautiful Manicured Landscaping.
• Interiors Feature Stunning Finishes Including Luxury Vinyl Flooring, Quartz Countertops, Decorative Lighting And Efficient Stainless Steel Appliances. This Development Presents Multiple Attractive Investment Strategies, Supported By Strong Comparables And Statistics.
• This Property is Zoned MU-1, Which Allows For Legal Operation Of Short-Term Rentals, Including AirBnB/VRBO. This Development Presents A Fantastic Opportunity To Be Acquired And Operated As A Boutique Hotel. There Is Very Minimal Direct Competition In The River District For This Strategy.
• The Location, New Construction, Walkability And Close Proximity To Highly Visited Fort Worth Hotspots Make This A Very Attractive Opportunity.
• Operating With A Long-Term Tenant Base Also Presents An Attractive Option. Comparable Rental Units In This Submarket Are Achieving Over $2 Per Square Foot In Rent On Average.
• The Footprint Of This Development Allows For Multiple Space-Efficient Amenities To Be Added Including Dog Runs, Micro-Courtyards For Additional Outdoor Seating, Bike Racks, Parcel Lockers And EV Charging Stations
• The Merritt Condominiums Are An Ideal Opportunity For A 1031 Exchange. Current Property Management Has 14 Units Leased On Traditional 1-2 Year Terms. Strong Rental Income And Tenants In Place To Propel Traditional Leasing Forward.
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Presented By
Ross Utley
Director
817-368-7887
ross@leagueCRE.com
Kalyn McKittrick
Director, Partner
402-699-6020
kalyn@leagueCRE.com
Additional Information