$2,800,000
NEW CONSTRUCTION

Estimated payment $15,396/month

Total Views 495
15 Beds
20 Baths
37,573 Sq Ft
$75 Price per Sq Ft

Highlights

  • New Construction
  • Dual Staircase
  • Direct Access Garage
  • 0.98 Acre Lot
  • Granite Countertops
  • Built-In Features

About This Home

This Merrit Street Condominiums is a 10 unit, 2025 built multifamily asset in Fort Worth, Texas. The property has excellent access to 183, Interstate 30, Downtown Fort Worth, in walking distance to Castleberry High School, and area various retailers. The property has brick exterior, concrete slab foundations, asphalt parking lot, pitched roofs, with curb appeal and manicured efficient landscaping. Ideal as 1031 exchange wealth prerservation vehichle. The coveted community is nearby downtown Fort Worth. The bustling center of financial, retail, and professional service businesses. Some of Tarrant County’s major employers reside in the central area, as well as government offices, and major transportation hubs.

Last Listed By

Mark Allen, CCIM

Onyx Legacy Realty LLC License #0589645 Listed on: 06/06/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,929

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 0.98 Acre Lot
  • Privacy Fence
  • Landscaped
  • Zero Lot Line

HOA Fees

  • $125 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Concrete Siding

Interior Spaces

  • 3-Story Property
  • Dual Staircase
  • Wired For Data
  • Built-In Features

Kitchen

  • Microwave
  • Granite Countertops

Flooring

  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 15 Bedrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Direct Access Garage
  • Common or Shared Parking
  • Driveway
  • Parking Lot
  • Community Parking Structure

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Energy-Efficient Insulation
  • ENERGY STAR Qualified Equipment for Heating

Outdoor Features

  • Exterior Lighting

Schools

  • Castleberr Elementary School
  • Castleberr High School

Utilities

  • Central Heating
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 145
  • Assessor Parcel Number 42777010

Community Details

Overview

  • Association fees include insurance, ground maintenance, maintenance structure
  • 10 Units
  • 37,573 Sq Ft Building
  • Hassett Gardens Add Subdivision

Building Details

  • Gross Income $657,504
  • Net Operating Income $361,523

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,929

Year Built

Built in 2025 | New Construction

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • OWNERNAME: See tax
  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: Three Or More
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Year Built Details: New Construction - Complete
  • CapRate: 12.91
  • Co List Office Mls Id: OXLR01
  • Special Features: 4098
  • Year Built: 2025

Interior Features

  • Interior Amenities: Built-in Features, Decorative/Designer Lighting Fixtures, Granite Counters, High Speed Internet, Multiple Staircases, Smart Home, Cable TV, Wired for Data
  • Flooring: Ceramic Tile, Luxury Vinyl Plank, Other
  • Appliances: Electric Water Heater, Microwave, Refrigerator

Beds/Baths

  • Full Bathrooms: 15
  • Half Bathrooms: 5
  • Total Bedrooms: 15

Exterior Features

  • Foundation: Slab
  • Fencing: Privacy
  • Roof: Composition, Other, Shingle
  • Construction Materials: Fiber Cement, Concrete, Wood Siding
  • Exterior Features: Lighting
  • Pool Features: None
  • Waterfront: No

Garage/Parking

  • Cooling System: ENERGY STAR Qualified Equipment
  • Parking Features: Asphalt, Common, Concrete, Direct Access, Driveway, On Site, Parking Lot, Community Structure

Utilities

  • Sewer: Public Sewer
  • Heating: Central, ENERGY STAR Qualified Equipment
  • Utilities: Electricity Available, Electricity Connected, Sewer Available, Separate Meters, Water Available, Cable Available
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure
  • Association Fee: 125.0
  • Association Fee Frequency: Monthly
  • Association Name: TBD

Schools

  • Elementary School: Castleberr
  • High School: Castleberr
  • Junior High Dist: Castleberry ISD

Green Features

  • Efficiency: HVAC, Insulation

Lot Info

  • Lot Features: Landscaped, Zero Lot Line
  • Lot Size Units: Acres
  • Lot Size Area: 0.975
  • Parcel Number: 42777010
  • Lot Size Acres: 0.975
  • Lot Size Sq Ft: 42471.0

Building Info

  • Year Built: 2025
  • Units Total: 10
  • SeniorCommunityYN: No

Multi Family

  • Insurance Expense: 43200.0
  • Annual Gross Income: 657504.0
  • Property Net Operating Income: 361523.0

Tax Info

  • Tax Lot: 145
  • Tax Annual Amount: 4929.0

MLS Schools

  • MiddleOrJuniorSchool: Marsh

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,929 $202,962 $48,858 $154,104
2023 $1,172 $48,858 $48,858 $0
2022 $1,345 $48,858 $48,858 $0
2021 $2,555 $98,026 $98,026 $0
2020 $1,597 $61,266 $61,266 $0
2019 $826 $29,600 $29,600 $0
2016 $2,285 $109,971 $40,000 $69,971
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 For Sale $2,800,000 -- $75 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Mortgage History

Date Status Loan Amount Loan Type
Closed $6,918,000 Construction
Closed $300,000 New Conventional
Closed $870,000 New Conventional
Source: Public Records

Similar Home in Fort Worth, TX

  • 111 Merritt St, Fort Worth, TX 76114

    $2,800,000

    • 15 Beds
    • 20 Baths
    • 37,573 Sq Ft
    • 111 Merritt St
    • Fort Worth, TX

    This Merrit Street Condominiums is a 10 unit, 2025 built multifamily asset in Fort Worth, Texas. The property has excellent access to 183, Interstate 30, Downtown Fort Worth, in walking distance to Castleberry High School, and area various retailers. The property has brick exterior, concrete slab foundations, asphalt parking lot, pitched roofs, with curb appeal and manicured efficient

    Mark Allen, CCIM Onyx Legacy Realty LLC

    Section Image

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20961354

North Texas Real Estate Information Systems (NTREIS)

APN: 42777010