Located in one of DFW's Opportunity Zones, the 8.12 acres of land is a multifamily site and zoned for 33 duplex lots with a capacity for 66 units total. It is in the city of Cleburne in Johnson County (appx. 25 mi south of downtown Fort Worth), and is adjacent to Cleburne Oaks Apts, (O.R. of 92%).
Being in an Opportunity Zone, investors can benefit by a deferral of capital gains taxes, among other tax benefits. Unlike other incentive programs, there are no monetary caps on Opportunity Zone investments, making the program flexible and scalable to meet market needs.
The 33 lots have their own tax identification number. The land has received final plat approval and is registered with the city of Cleburne.
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Listing information last updated on February 27th, 2020 at 10:04am CST.