The Point at Forest Hill

3301 Heritage Lane, Forest Hill, TX 76140

The Point at Forest Hill is a 52-unit luxury townhome subdivision situated in the Forest Hill suburb of south Fort Worth in Tarrant County, TX. The market-rate property was built in 2020 and is comprised of 13, two-story buildings with urban, contemporary architecture and Pitched composition shingle roofs. Spacious three-bedroom / two- and one-half bathroom units are offered with an open floor plan concept and measure 1,150 square feet each. The units are well-appointed with an attached one-car garage, a private backyard area, individual air conditioning and heat, high ceilings, vinyl wood plank flooring, and contemporary kitchens with white cabinetry, upgraded countertops, and stainless steel appliances.  

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Attachments

Highlights

  • Modern Property: Completed in 2020, features 52 units of modern 3BR/2.5BT apartments with 1,150SF, garages, and private turfed patios; 93% occupancy with $1,795 market rents.
  • Convenient Location: 15 minutes from downtown Fort Worth, 30 minutes from DFW Airport, surrounded by single-family homes with a 5-mile AHHI of $69,884, fostering a strong community environment.
  • Income Upside: Potential to increase income by leasing appliances and implementing Smart Tech packages; could add $125/unit for smart tech and $70/unit for W/D rentals.
  • Expense Reduction: Current high expense load at 60%; opportunity for savings through reduced management fees and payroll, plus $113,504 in year 1 tax savings from lower assessed property value.
  • Favorable Financing: Positive leverage with a FNMA 2.98% interest rate, projected buyer CAP rate of 5.25-5.50%, $6,038,000 in assumable proceeds with 18 months of interest-only payments remaining.

Contacts

broker

Lee Robinson

GREA

broker

Byron Griffith

GREA

broker

Craig Jasso

GREA

Location

Getting Around

  • Walk Score ®

    42/100 Car-Dependent

  • Bike Score ®

    35/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Forest Hill, TX
  • Neighborhood Forest Hill
  • Zip Code 76140
  • Market Dallas Fort Worth

Points of Interest

  • Fort Worth T&P

    5.95 miles

  • Grapevine Vintage Railroad Tickets

    8.98 miles

  • ABC

    0.65 miles

  • TEXACO

    0.90 miles

  • Valero

    0.92 miles

  • Citgo

    1.36 miles

  • QuikTrip

    1.90 miles

  • Valero

    2.83 miles

  • RaceWay

    2.84 miles

  • Shell

    3.02 miles

  • Valero

    3.08 miles

  • Mr.T's

    3.28 miles

  • Marti Van Ravenswaay Parking Lot

    2.85 miles

  • Marti Van Ravenswaay Parking

    2.94 miles

  • Lake Arlington Parking

    4.87 miles

  • Lot 12

    5.30 miles

  • Lot 15

    5.50 miles

  • Klabzuba Tower

    5.76 miles

  • T & P Station

    5.79 miles

  • Lot 8

    5.83 miles

  • Terrell Avenue Garage

    5.83 miles

  • UC Reserved

    5.89 miles

  • Sunset Motel

    0.39 miles

  • Quality Inn

    1.00 miles

  • Holiday Inn Express & Suites Forest Hill - Ft. Worth SE

    1.00 miles

  • La Quinta Inn & Suites by Wyndham Ft. Worth - Forest Hill TX

    1.03 miles

  • Hampton Inn & Suites Fort Worth/Forest Hill

    1.03 miles

  • Best Western Plus Fort Worth Forest Hill Inn & Suites

    1.07 miles

  • Scottish Inn Fort Worth

    1.54 miles

  • Great Western Inn

    1.72 miles

  • Knights Inn Fort Worth

    1.77 miles

  • Dalworth Inn

    2.78 miles

  • Wendy's

    0.88 miles

  • No. 1 Chinese Restaurant

    0.90 miles

  • Denny's

    0.98 miles

  • Schlotzsky's

    1.04 miles

  • Pizza Hut

    1.05 miles

  • Taco Bueno

    1.07 miles

  • McDonald's

    1.09 miles

  • Whataburger

    1.16 miles

  • Off The Bone BBQ, Inc.

    1.52 miles

  • H & J Hamburgers

    1.73 miles

  • Harlean Beal Elementary School

    0.29 miles

  • David K Sellars Elementary School

    0.73 miles

  • Branches Education Center

    0.98 miles

  • Glen Park Elementary School

    1.02 miles

  • Forest Oak Middle School

    1.06 miles

  • Tarrant County College South Campus

    1.09 miles

  • W M Green Elementary School

    1.20 miles

  • TCC South Campus

    1.23 miles

  • O D Wyatt High School

    1.47 miles

  • Fort Worth Can Academy

    1.63 miles

  • The Children's Courtyard

    5.43 miles

  • Kinder Frogs School

    6.00 miles

  • The Toddler's Den Early Learning Center

    7.80 miles

  • Bowen Road Day School

    8.14 miles

  • Lil' Images of Blessings Christian Learning Center

    8.25 miles

  • Primrose School

    9.08 miles

  • Tom Rickard Memorial Child Care Center

    9.26 miles

  • KidsPark

    9.58 miles

Frequently Asked Questions

How much does The Point at Forest Hill cost?

The sale price for The Point at Forest Hill is available upon request. Contact the listing broker for more information.

What is the total square footage of The Point at Forest Hill?

The Point at Forest Hill totals 116,115 square feet.

When was this property built?

The Point at Forest Hill was built in 2020.

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