Historical Multifamily Sale Listing - Center Chase Apartments

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Center Chase Apartments

111 E. 3rd St., Arlington, TX 76010

N/A

54 Units | Multifamily

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Center Chase Apartments

Multifamily Property - Off Market

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

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

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).

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

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Created 3/25/2005