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Oakmont Apartment Homes 834 Timberlake Dr 224 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 Oakmont, a 223-unit multifamily community built in 1970 in Arlington, Texas. The asset offers value-add potential through continued renovations and operational efficiencies when combined with the other portfolio properties.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 12.27 AC |
| No. Units | 224 | Building Size | 203,954 SF |
| Property Type | Multifamily | Average Occupancy | 61% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1970/2002 |
| Building Class | B | Parking Ratio | 1.83/1,000 SF |
| Zoning | RMF-22 | ||
| Sale Type | Investment |
| No. Units | 224 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 12.27 AC |
| Building Size | 203,954 SF |
| Average Occupancy | 61% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2002 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | RMF-22 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Framed Mirrors
- Freezer
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Business Center
- Laundry Facilities
- Picnic Area
- Playground
- Grill
- Wi-Fi
- Maintenance on site
- Online Services
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | 600 |
| 2+1.5 | 86 | - | 900 |
| 2+2 | 74 | - | 900 |
| 3+2 | 32 | - | 1,010 |
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PROPERTY TAXES
| Parcel Number | 03693988 | Improvements Assessment | $23,529,621 |
| Land Assessment | $1,870,379 | Total Assessment | $25,400,000 |
PROPERTY TAXES
Parcel Number
03693988
Land Assessment
$1,870,379
Improvements Assessment
$23,529,621
Total Assessment
$25,400,000
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Oakmont Apartment Homes | 834 Timberlake Dr
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