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The Mirage 504 Dudley Cir 305 Unit Apartment Building For Sale Arlington, TX 76010
INVESTMENT HIGHLIGHTS
- Stabilize occupancy to match market averages for substantial rent growth
- Attractive loan assumptions and bridge options maximize early cash flow
- Leverage shared operations and staffing to drive operational efficiency
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the exclusive listing of Mirage, a 303-unit multifamily community built in 1972 and 2021 in Arlington, Texas. The property offers strong lease-up potential with occupancy and rental rates positioned below submarket averages, providing immediate upside for new ownership.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 9.50 AC |
| No. Units | 305 | Building Size | 193,112 SF |
| Property Type | Multifamily | Average Occupancy | 66% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2021 |
| Building Class | B | Parking Ratio | 1.64/1,000 SF |
| Zoning | RMF-22 | ||
| Sale Type | Investment |
| No. Units | 305 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.50 AC |
| Building Size | 193,112 SF |
| Average Occupancy | 66% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2021 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | RMF-22 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Breakfast Nook
- Built-In Bookshelves
- Double Pane Windows
- Linen Closet
- Pantry
- Patio
- Vinyl Flooring
SITE AMENITIES
- Controlled Access
- Clubhouse
- Courtyard
- Laundry Facilities
- Playground
- Pool
- Gated
- Grill
- Multi Use Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 420 |
| 1+1 | 188 | - | 420 - 640 |
| 2+1 | 72 | - | 700 - 725 |
| 2+1.5 | 12 | - | 880 |
| 2+2 | 29 | - | 740 - 1,170 |
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PROPERTY TAXES
| Parcel Number | 01413228 | Improvements Assessment | $26,944,720 |
| Land Assessment | $1,655,280 | Total Assessment | $28,600,000 |
PROPERTY TAXES
Parcel Number
01413228
Land Assessment
$1,655,280
Improvements Assessment
$26,944,720
Total Assessment
$28,600,000
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The Mirage | 504 Dudley Cir
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