Stephen Hathcoat - Coldwell Banker Apex Realtors
1505 W Lovers Ln
Arlington, TX 76013

$1,200,000

Description

Chalet Apartments provides an excellent opportunity for a passive investor to take advantage of recent capital improvements and strong Arlington class C rental growth. Entire property was renovated to the studs in 2012, including tile flooring, plumbing, electrical, cabinets, electrical and plumbing fixtures. Owner replaced TPO roof in 2015 and converted HVAC to PTACS within the last 18 months and hot water heater in 2015. New owner can take advantage of recent improvements and improve mgt operations to lower expenses. Property qualifies for Waller Group Property Management for 5% of gross rents. ----OFFERING MEMORANDUM in attachments----

Details

MLS#13966621
Sub-TypeResale
StatusActive
Year1961
Days On Site41

Features

SQ Feet10,320
Units20
Building(s)1

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Area Information

StateTX
CountyTarrant
CityArlington
Zip Code76013
AreaARLINGTON NORTHWEST CENTRAL (83)
Listing VS Median (in 76013)
Price:
$1,200,000
low | high
Med:
$220,000
100% of Average
SqFt:
10,320
low | high
Med:
1,865
100% of Average
$ / SqFt:
$116
low | high
Med:
$118
48.094495465835% of Average
On Site:
41
low | high
Med:
103
39.805825242718% of Average
Listing Updated: 12/13/2018
MLS Number: 13966621
Listing Provided By:
Logan Waller  of  Waller Group LLC

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.