About 308 College Street
Exciting Investment Opportunity! Situated conveniently across from UTA and downtown Arlington, this property boasts a distinctive feature: a fully renovated second-story concrete patio with stunning views of the campus. With recent upgrades including a newer roof and HVAC systems, this property has been meticulously maintained. Each unit consists of 2 bedrooms and 1 bathroom, currently renting for $1,250 for 2 units, $1,150 for 1 unit and $1,350 for 1 unit. There's potential to increase rental income with strategic rent adjustments. Don't miss out on this promising investment opportunity!
Features of 308 College Street
| MLS® # | 20551544 |
|---|---|
| Price | $850,000 |
| Units | 4 |
| Bedrooms | 8 |
| Full Baths | 4 |
| Building Area Total | 3,648 |
| Acres | 0.18 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 308 College Street |
|---|---|
| Subdivision | Lampe George Add |
| City | Arlington |
| County | Tarrant |
| State | TX |
| Zip Code | 76010-1032 |
Amenities
| Utilities | City Sewer, City Water |
|---|---|
| Parking Spaces | 4 |
| Garages | Assigned, Attached Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Other |
|---|---|
| Heating | Central |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Brick |
| Foundation | Slab |
School Information
| District | Arlington ISD |
|---|---|
| Elementary | Swift |
| High | Arlington |
Additional Information
| Net Operation Income | $38,000 |
|---|---|
| Gross Annual Income | $58,800 |
| Gross Annual Expenses | $15,000 |
| Insurance Expense | $3,647 |
| CapitalizationRate | 4.47 |
Unit 1 Details
| Type | 2 Bedroom |
|---|
Unit 2 Details
| Type | 2 Bedroom |
|---|
Unit 3 Details
| Type | 2 Bedroom |
|---|
Unit 4 Details
| Type | 2 Bedroom |
|---|
Listing Details
| Agent | Lingqian Zhuo |
|---|---|
| Office | Sunet Group |