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Mignon DR 1601 Mignon Dr 8 Unit Apartment Building $3,100,000 ($387,500/Unit) 5.48% Cap Rate Arlington, TX 76010
Investment Highlights
- 2022 built
- Open concept
- Centrally located
Executive Summary
This high-performing 8-unit portfolio offers a rare turn-key opportunity for investors seeking modern reliability and significant upside in the booming North Texas market. Built in 2022, the property promises a low-maintenance ownership experience with nearly new systems and premium finishes that command top-tier market rents. While currently 7 of the 8 units are leased for immediate cash flow, achieving full occupancy elevates the asset to a strong 5.48% Cap Rate. Strategically positioned to capitalize on the region’s massive growth, this investment is perfectly timed for the upcoming 2026 World Cup, which is set to bring nine matches—including a major semi-final—to nearby Arlington. With a projected multi-billion dollar economic impact and a surge in global demand for the area, this portfolio represents a sophisticated hedge against inflation and a play for significant long-term appreciation in one of the most resilient real estate corridors in the country.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,100,000 | Property Subtype | Apartment |
| Price Per Unit | $387,500 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.48% | Lot Size | 0.78 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 18,000 SF |
| Gross Rent Multiplier | 12.54 | Average Occupancy | 88% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2022 |
| Price | $3,100,000 |
| Price Per Unit | $387,500 |
| Sale Type | Investment |
| Cap Rate | 5.48% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 12.54 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.78 AC |
| Building Size | 18,000 SF |
| Average Occupancy | 88% |
| No. Stories | 3 |
| Year Built | 2022 |
Amenities
Site Amenities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 8 | $2,700 | 2,250 |
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,224,000 | |
| Land Assessment | $400,000 | Total Assessment | $2,624,000 |
Property Taxes
Parcel Numbers
Land Assessment
$400,000
Improvements Assessment
$2,224,000
Total Assessment
$2,624,000
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Contact the Sale Advisor
Mignon DR | 1601 Mignon Dr