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500-530 Norwood Pl
Arlington, TX 76013
Norwood Place · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Recently renovated townhome community with 20 two-bed, 2.5-bath condo units featuring an electric kitchen, fireplace, balcony, patio, and a garage.
- Upgrades include all new windows, roofs, patio fencing, gutters, lighting, and repainted facades. Three completely remodeled units, two underway.
- Ideally located in a family-friendly suburb, steps to a park with jogging trails, and minutes to shopping, conveniences, and excellent schools.
- 98%-occupied with in-place rents significantly under market, presenting the opportunity to raise rents and achieve more significant cash flow.
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 | ||
| 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 |
| 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 | - | - |
Property Taxes
| Parcel Number | 06503373 | Improvements Assessment | $0 |
| Land Assessment | $1 | Total Assessment | $1 |
Property Taxes
Parcel Number
06503373
Land Assessment
$1
Improvements Assessment
$0
Total Assessment
$1
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