1121 Jameson Street

About this home

Calling All Investors! Offered at $86,000 per unit. Opportunity to acquire a 60-unit performing multifamily asset in Weatherford with current cash flow and a clear path to measurable NOI growth. Jameson Street Apartments offers below-market rents and a de-risked value-add strategy centered on minor tenant-facing upgrades and measured rent optimization—not a heavy redevelopment program.
The property includes a mix of 1BR, 2BR and 3BR units and is operated on an all-bills-paid basis. Major capital items have already been addressed, including TPO roofs, replacement of Federal Pacific0Stab-Lok electrical panels, pool improvements and recent parking lot resurfacing. Individual HVAC systems and central tankless hot water further reduce the scope of the remaining business plan.
Current rents remain below comparable properties, providing an opportunity to increase revenue gradually as units turn while maintaining an attractive affordability position. Remaining improvements are primarily tenant-facing items such as selective LVP flooring, cabinet hardware and bathroom mirrors.
The property also has existing Freddie Mac financing at a 6.59% fixed rate with interest-only payments through March 2028, potentially assumable subject to lender approval and buyer qualification.
Contact broker for OM, financials, rent roll and access to the property deal room.