This Multifamily Property is Off-Market.

111 E. 3rd St.
Arlington, TX 76010 ·

54 Units · Multifamily For Sale

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Center Chase Apartments

Price N/A Gross Rent Multiplier 6.50
No. Units 54 Occupancy 93%
Building Size 24,300 SF No. Stories 1
Property Type Multifamily Year Built 1986
Property Sub-type Garden/Low-Rise Lot Size 1.96 AC
Property Use Type Investment Parking Ratio 4.50 / 1,000 SF
Cap Rate 9.20%
Listing ID: 14162406 Date Created: 03/25/2005 Last Updated: 08/22/2005

Description

This is a well taken care of 54 unit apartment complex (separately platted for condo conversion) located on the east edge of UTA campus. The current owner has done a great job of taking care of the place. 20 of the units have ceramic tile flooring. 20 washers / 15 dryers were replaced in approx 2003. 15 dishwashers were replaced approx 2003.

Two, pitched roof, one story buildings (units are 2 level which includes a loft). Newly painted with attractive color scheme. Plenty of parking (2 per unit). Electricity is individually metered with water being master metered.

Great property for the investor who is wanting to move up in size into a low maintenance, easily managed complex or for the seasoned investor wanting to add another solid investment to his or her portfolio.

Please download the full property packet. Call for a showing or for any questions. All offers please use attached LOI instead of faxing a full contract as offer.

Sits on the outer edge of a quiet neighborhood on the east edge of the UTA campus with easy access to a main street (S. Center St).

Highlights

  • 2004 Stated Financials used...NOT Pro forma
  • Consistent High Occupancy
  • Well Maintained with No Deferred Maintenance
  • On UTA campus
  • Individually Metered for Electricity
  • Individually Platted for Condo Conversion

Research

111 E. 3rd St., Arlington, TX 76010 (Tarrant County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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