502 Bellevue Lane, Arlington, Texas 76012

$2,600,000
List Price
$2,600,000
Price Change
▼ $200,000 1717392740
MLS#
20529276
Status
ACTIVE UNDER CONTRACT
Type
Multifamily
Year Built
2015
Construction Status
Preowned
Acres
0.08
County
Tarrant
City
Arlington
Subdivision
Wesley Commons
Building Name
Wesley Commons Townhomes

Property Description

This 10 townhome portfolio is an excellent buy sitting on large lots, minutes from AT&T stadium and in the heart of Arlington! A great NOI and Cap Rate that has the potential to be significantly improved. All built in 2015 so each townhome is very energy efficient. All units are tenant occupied with standard 12 month leases and most tenants are long term. Portfolio is able to be split up to purchase with certain rules conforming to closing. See agent for details.

Additional Information

Unexempt Taxes
$5,531
HOA
Mandatory
HOA Fees
$1,500
HOA Freq
Annually
HOA Includes
Maintenance Grounds
Annual Insurance
13373
Gross Annual Expenses
64633
Gross Annual Income
181315
Lot Size
3,397
Acres
0.08
Subdivided
No
Interior Features
Decorative Lighting
Flooring
Carpet, Ceramic Tile, Laminate
Foundation
Slab
Roof
Composition
Stories
2
Street Utilities
City Sewer, City Water
Heating Cooling
Central
Construction Material
Brick
Parking Garage
Garage, Garage Door Opener
Total Num Parking
20
School District
Arlington Isd
Elementary School
Pope
High School
Lamar
Possession
30-60 Days
Building Sq. Ft.
1764
Number of bldgs.
10
Number of units
10
Possession
30-60 Days
Cap Rate
4.49

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of D.R. Couch from Ready Real Estate LLC. Contact: 682-552-7482