500-530 Norwood Pl
Arlington, TX 76013
Norwood Place · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Each unit has a one car garage, two HVAC units, fireplaces, & laundry area
- Sets just off the main road for a quite setting
Executive Summary
Norwood Place Condominiums. A small, quiet community of 20 homes located in central Arl. Spacious two bedrooms, 2.5 baths with a one-car garage. Square footage ranges from 1,438 to 1,616. Privacy patios and balconies. All-electric kitchens. Washer-Dryer connections. Garage with automatic opener. Wood burning fireplaces. Skylights, & individual alarm systems. 2 HVAC units for each condo. OS Gray Park with jogging-walking trails across the street. Replaced all the windows last year, and the buildings were painted, rotten wood replaced, roof replaced. Property in-place rents are significantly under market, raising to current rents could achieve much greater cash flow. Pics do not represent all the units. New roofs All new windows - approx. 100 of them Gutter repair/addition of gutters /metal gutter guards Paint/wood repair New patio fencing Commercial-grade lighting interior area Motion lights on garage doors Complete remodel of three units Two units are in the middle of rehab now All of the a/c units were replaced in 2010 Public Driving Directions: S Bowen Rd. west on W Abram St. right on Norwood Pl.
Property Facts
| No. Units | 20 | Building Size | 29,788 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1984/2021 |
| Building Class | B | Parking Ratio | 2.69/1,000 SF |
| Lot Size | 2.00 AC | APN / Parcel ID | 06503373 |
| Zoning | RMF-22 - Multi-family condominiums | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 29,788 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2021 |
| Parking Ratio | 2.69/1,000 SF |
| APN / Parcel ID | 06503373 |
| Zoning | RMF-22 - Multi-family condominiums |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Carpet
- Yard
- Dining Room
- Double Pane Windows
- Family Room
- Patio
- Skylights
- Window Coverings
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 20 | - | - |
