1424 Summit Ave, Fort Worth, TX 76102 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2017Total Assessed Value $85,499,072County Tarrant

Property Details

The Apartments property 1424 Summit Ave, Fort Worth, TX 76102 is located in Tarrant County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $85,499,072.

The gross building area is 498,381 square feet and the land area is 229,281 square feet for this Apartment Garden (1 - 4 stories) built in 2017.

Legal description: Texas & Pacific Railway Addn Block 1 Lot 14R-1

$85,499,072

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 1424 Summit Ave, Fort Worth, TX 76102, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area498,381

Land Size229,281

Land Value$10,317,690

Improved Value$75,181,382

Total Assessed Value$85,499,072

Year Built2017

County NameTarrant

Account Number42837527

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

No of Stories5

Number of Units372

Sales History

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Mortgage History

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$10,317,690	$77,105,548	$87,423,238	$87,423,238	Drake Shangrillc And...	Po Box 118736	Texas & Pacific Rail...	Aptdtcultd	0	229,282	498,381
2025	$10,317,690	$75,181,382	$85,499,072	$85,499,072	Drake Equinox Llc	Po Box 118736	Texas & Pacific Rail...	APT-Downto	Apt-Downtown/Cultura...	229,281	498,381
2024	$10,317,690	$69,082,310	$79,400,000	$79,400,000	Drake Equinox Llc	Po Box 118736	Texas & Pacific Rail...	APT-Downto	Apt-Downtown/Cultura...	229,281	498,381
2023	$10,317,690	$67,682,310	$78,000,000	$78,000,000	Drake Equinox Llc	Po Box 118736	Texas & Pacific Rail...	APT-Downtown/Cultural District	Apt-Downtown/Cultura...	229,281	498,381
2022	$10,317,690	$62,182,310	$72,500,000	$72,500,000	Drake Equinox Llc	Po Box 118736	Texas & Pacific Rail...	APT-Downto	Apt-Downto	229,281	488,457

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
1424 Summit Ave, Fort Worth, TX 76102	42837527	Apartments	Apartment Garden (1 - 4 stories)	Drake Equinox Llc	Tarrant	-	-	-	-	2017	498,381	372
218 W Broadway Ave, Fort Worth, TX 76104	40926583	Apartments	Apartment Garden (1 - 4 stories)	Broadway Acquisition Lp	Tarrant	0.9	$ 53,750,000	2025-07-21	$ 175.90	2022	305,580	1
637 Samuels Ave, Fort Worth, TX 76102	42402946	Apartments	Apartment Garden (1 - 4 stories)	Pleasanton Housing Finance Cor	Tarrant	1.7	$ 56,250,000	2025-01-23	$ 144.08	2018	390,395	274
520 Samuels Ave, Fort Worth, TX 76102	41407628	Apartments	Apartment Garden (1 - 4 stories)	Housing Authority Of The City	Tarrant	1.6	$ 6,650,000	2024-08-06	$ 14.49	2008	459,030	370
5555 Edwards Ranch Rd, Fort Worth, TX 76107	42820039	Apartments	Apartment Garden (1 - 4 stories)	Wmci Dallas Xviiic Llc	Tarrant	4.2	$ 87,021,900	2024-10-29	$ 182.09	2022	477,907	1
4699 Fossil Vista, Haltom City, TX 76137	07216750	Apartments	Apartment Garden (1 - 4 stories)	Kv Belmond Apartments Lp	Tarrant	7.7	$ 45,057,740	2025-06-18	$ 130.61	2001	344,992	312
301 Mercedes St, Benbrook, TX 76126	42509465	Apartments	Apartment Garden (1 - 4 stories)	Benbrook Apartments Llc	Tarrant	8.3	$ 62,500,000	2025-04-30	$ 171.40	2019	364,647	301
8032 Monterra Blvd, Fort Worth, TX 76177	42559217	Apartments	Apartment Garden (1 - 4 stories)	Wmci Dallas Xviib Llc	Tarrant	10.6	$ 66,476,060	2024-09-11	$ 126.81	2020	524,216	375
305 W W Fm 1187, Crowley, TX 76036	42687789	Apartments	Apartment Garden (1 - 4 stories)	Landmark At Crowley	Tarrant	12.3	$ 43,890,000	2025-04-08	$ 157.71	2021	278,301	267
735 Washington Dr, Arlington, TX 76011	42642581	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corporat	Tarrant	14.3	$ 79,096,300	2024-12-13	$ 172.39	2020	458,819	346
9632 Berkshire Lake Blvd, Fort Worth, TX 76131	42729627	Apartments	Apartment Garden (1 - 4 stories)	Pleasanton Housing Finance Cor	Tarrant	11.8	$ 56,125,000	2025-03-05	$ 128.47	2021	436,875	340

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	1424 Summit Ave, Fort Worth, TX 76102	—	-	229,281	2017	498,381	$ 85,499,072	$ 10,317,690	-
Bredif Jpm Seller Llc	901 Commerce St, Fort Worth, TX 76102	07/31/2025	$ 100,000,000	27,530	2022	567,901	$ 112,734,496	$ 2,477,700	9th And Commerce Fort Worth Ll
Ciera Bank	1703 Sunset Terr, Fort Worth, TX 76102	06/05/2025	$ 6,240,000	26,391	1988	0	$ 556,860	$ 508,027	1612 Summit Partners Llc
Citi Real Estate Funding Inc	150 St Donovan St, Fort Worth, TX 76107	05/30/2025	$ 598,400,000	136,125	1958	72,929	$ 11,909,432	$ 476,438	Residence At Monticello Llc
Citi Real Estate Funding Inc	160 St Donovan St, Fort Worth, TX 76107	05/30/2025	$ 598,400,000	79,758	1958	35,733	$ 6,064,247	$ 279,153	Residence At Monticello Llc
Solarity Credit Union	2100 Forest Park Blvd, Fort Worth, TX 76110	05/30/2025	$ 1,000,000	22,800	1926	13,984	$ 2,700,000	$ 79,800	Forest Park Llc
Regions Bank	1120 Summit Ave, Fort Worth, TX 76102	03/21/2025	$ 2,018,750	34,020	1968	9,499	$ 2,337,743	$ 2,041,200	Summit Building Llc
Fbred Bdc Finance Llc	637 Samuels Ave, Fort Worth, TX 76102	01/23/2025	$ 37,500,000	52,708	2018	0	$ 1,317,700	$ 1,317,700	Eph 51 Llc
Fbred Bdc Finance Llc	637 Samuels Ave, Fort Worth, TX 76102	01/23/2025	$ 37,500,000	42,253	2018	82,809	$ 16,012,497	$ 1,056,325	Eph 51 Llc
Fbred Bdc Finance Llc	637 Samuels Ave, Fort Worth, TX 76102	01/23/2025	$ 37,500,000	182,155	2018	390,395	$ 53,196,755	$ 4,553,875	Eph 51 Llc
Jll Real Estate Capital Llc	1216 S Adams St, Fort Worth, TX 76104	11/19/2024	$ 11,911,000	4,900	1970	0	$ 165,924	$ 207,405	Ug Magnolia Lp

Mean$ 76,287,652

Median$ 11,911,000.0

Loan Amount Range$ 75,000 - $ 598,400,000

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Tenant Details

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License Details

License Number

32091319627

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

8/11/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	THE EMINENCE CONSULTING GROUP,
	Address Line	1424 summit ave apt 5072
	City / State / Zip	fort worth TX 76102
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48439
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	76102
Registration Details	SOS Code	A

License Timeline

License Issued

8/11/2023

Currently Active

Status: -

Renewal Required

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