Listing provided courtesy of CLARK REAL ESTATE GROUP- MLS# 21126662MLS ProviderContact Information: Dan Goad - (817) 458-0402

106 E Josephine AvenueWeatherford, TX 76086

Multi-Family · 19,400 Sq. ft. | 0.91 Acres
$2,100,000 Active

106 E Josephine Avenue Overview

Visits:
9

Improved Cap Rate 8.9% due to lease rate increases. LOCATION LOCATION LOCATION!!! The Chateau Apartments – A Premier Investment Opportunity in the Heart of Weatherford. The Chateau Apartments offer an exceptional blend of stability, convenience, and long-term performance. With tenants who move in and rarely move out, this community consistently demonstrates outstanding resident retention and a solid 100% occupancy rate. Ideally situated within effortless walking distance of virtually every amenity one could desire, the property enjoys an unbeatable location. Gibson’s , CVS, and many restraints are directly next door, and the Weatherford Courthouse is just steps away—close enough to reach with a well-placed golf swing. Recent capital improvements include a new roof installed in 2025, along with freshly sealed and striped parking areas, ensuring the exterior remains both attractive and well-protected. Residents benefit from ample covered parking, an on-site laundromat, and a welcoming courtyard fountain that enhances the community’s charm. Under the same ownership and management since 2006, the property has been meticulously maintained by a reliable local maintenance team. This level of consistent care positions the Chateau Apartments as one of the strongest multifamily investment opportunities currently available in Parker County. P&L and RR are in the transaction desk. The owner is also offering the Casa Del Sol Apartment Complex (MLS# 21126626), creating the potential for a compelling combined acquisition.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

106 E Josephine Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 19,400
  • Price/Sq.ft. $108
  • Lot 0.91 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Weatherford ISD
  • Elementary School: Ikard
  • Middle Or Junior School: Hall
  • High School: Weatherford

Income/Expenses

  • Gross Income: 285027.0
  • Insurance Expense: 18588.0
  • Net Operating Income: 186906.0
  • Operating Expense Includes: Insurance,Maintenance Grounds,Maintenance,Pest Control,Supplies,Trash,Utilities,Water/Sewer

Building Information

  • Year Built: 1969
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Parker
  • Postal City: WEATHERFORD
  • Subdivision Name: Brackene

Community/Development

  • Community Features: Laundry Facilities

Tax Information

  • Tax Annual Amount: 23951.0

General Information

  • Listing Terms: Cash,Conventional,Contract,1031 Exchange
  • Parcel Number: R000002077
  • Property Sub Type: Apartment
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 19400.0

General Information

  • Appliances: Electric Cooktop,Electric Oven,Microwave,Refrigerator
  • Flooring: Carpet,Ceramic Tile,Simulated Wood
  • Foundation Details: Slab
  • Interior Features: Open Floorplan
  • Levels: Two
  • Stories: 2

Exterior

Parking Information

  • Open Parking: Yes
  • Parking Features: Open,Outside
  • Parking Total: 15.0

Lot Information

  • Lot Size Acres: 0.914
  • Lot Size Area: 0.914
  • Lot Size Square Feet: 39813.84
  • Lot Size Units: Acres
  • Number Of Buildings: 3
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Flat

General Information

  • Number Of Units Total: 23
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available,Sewer Available,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 1 Bedroom
  • Units Total: 16

Unit 2 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Unit 3 Details

  • Unit Type: 2 Bedroom
  • Units Total: 2

Unit 4 Details

  • Unit Type: 2 Bedroom
  • Units Total: 4

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

106 E Josephine Avenue Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

106 E Josephine Avenue Market Data

Based on the last 30 days in this zip code

$366,185
Average List Price
$207
Average Price per Square Foot
25
Properties Sold
71
Average Days on Market
111
Properties for Sale
Calculations provided by Reliance Network


Prosperity Home Mortgage, LLC

Prosperity Home Mortgage, LLC

When you decide to buy a home or refinance your mortgage, your search should start and end here. At Prosperity Home Mortgage, LLC, we strive to create an extraordinary customer experience through the efforts of knowledgeable and caring mortgage professionals where relationships are valued, and the focus is on treating every client as if they were the only client. Choose a lender you can trust to find the mortgage loan that best suits your needs.


HomeServices Insurance

HomeServices Insurance

HomeServices Insurance is an independent agency that operates through a network of offices located throughout the northern Texas area.  As a full-service operation, we offer a full suite of quality insurance solutions including home, auto, umbrella, and more.  We have established long term relationships with many of the top national and regional carriers in the country, bringing you the power of choice when it comes to your personal insurance needs.