308 College Street, Arlington, Texas 76010

$850,000
8
BD
4
BA
List Price
$850,000
MLS#
20551544
Status
ACTIVE
Type
Multifamily
Year Built
1963
Construction Status
Preowned
Bedrooms
8
Full Baths
4
Acres
0.18
County
Tarrant
City
Arlington
Subdivision
Lampe George Add
Building Name
n/a

Property Description

Exciting Investment Opportunity! Situated conveniently across from UTA and downtown Arlington, this property boasts a distinctive feature: a fully renovated second-story concrete patio with stunning views of the campus. With recent upgrades including a newer roof and HVAC systems, this property has been meticulously maintained. Each unit consists of 2 bedrooms and 1 bathroom, currently renting for $1,250 for 2 units, $1,150 for 1 unit and $1,350 for 1 unit. There's potential to increase rental income with strategic rent adjustments. Don't miss out on this promising investment opportunity!

Additional Information

Unexempt Taxes
$11,194
HOA
No HOA
Annual Insurance
3647
Gross Annual Expenses
15000
Gross Annual Income
58800
Lot Size
7,884
Acres
0.18
Subdivided
No
Interior Features
Other
Flooring
Other
Foundation
Slab
Roof
Composition
Stories
2
Street Utilities
City Sewer, City Water
Heating Cooling
Central
Construction Material
Brick
Parking Garage
Assigned, Attached Carport
Total Num Parking
4
School District
Arlington Isd
Elementary School
Swift
High School
Arlington
Possession
Subject to Lease
Building Sq. Ft.
3648
Number of bldgs.
1
Number of units
4
Occupancy Rate
100
Possession
Subject to Lease
Cap Rate
4.47

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 Lingqian Zhuo from Sunet Group. Contact: 972-664-0500