3638 Waverly Dr | Arlington, TX 76015
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- LoopNet Team
3638 Waverly Dr
Arlington, TX 76015
Villas at the Parks · Multifamily Property For Sale
·
103 Units
INVESTMENT HIGHLIGHTS
- $5+ Million in Value Add Upside – Achieved Through Bringing Rents to Market and Several Other Income-Producing Opportunities
- 97% Average Occupancy – Less Than $100/Month in Delinquencies in the Last 12 Months
- Rents in the Submarket Have Increased by 12.3% 2022 YTD – Projected To Continue Growing by 9.2% in 2022 – Costar
- Spent Over $1.3 Million in CapEx Items – No Deferred Maintenance
- $59,997 Median Household Income in the 2-Mile Radius – Costar
- Located In Between Dallas & Fort Worth – Walking Distance to the Parks Mall at Arlington
PROPERTY FACTS
| No. Units | 103 | Lot Size | 4.68 AC |
| Property Type | Multifamily | Building Size | 59,556 SF |
| Property Subtype | Apartment | Average Occupancy | 88% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1983/2020 |
| Zoning | MF, Arlington - Commercial | ||
| No. Units | 103 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.68 AC |
| Building Size | 59,556 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2020 |
| Zoning | MF, Arlington - Commercial |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Oven
- Range
- Patio
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Pool
- Gated
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 71 | - | 496 - 510 |
| 2+1 | 16 | - | 700 |
| 2+2 | 16 | - | 781 |
PROPERTY TAXES
| Parcel Number | 02499266 | Improvements Assessment | $10,786,490 |
| Land Assessment | $713,510 | Total Assessment | $11,500,000 |
PROPERTY TAXES
Parcel Number
02499266
Land Assessment
$713,510
Improvements Assessment
$10,786,490
Total Assessment
$11,500,000
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