About 502 Bellevue Lane
This 10 townhome portfolio is an excellent buy sitting on large lots, minutes from AT&T stadium and in the heart of Arlington! A great NOI and Cap Rate that has the potential to be significantly improved. All built in 2015 so each townhome is very energy efficient. All units are tenant occupied with standard 12 month leases and most tenants are long term. Portfolio is able to be split up to purchase with certain rules conforming to closing. See agent for details.
Features of 502 Bellevue Lane
MLS® # | 20529276 |
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Price | $2,800,000 |
Units | 10 |
Building Area Total | 1,764 |
Acres | 0.08 |
Year Built | 2015 |
Type | Residential Income |
Sub-Type | Multi Family |
Status | Active |
Community Information
Address | 502 Bellevue Lane |
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Subdivision | Wesley Commons |
City | Arlington |
County | Tarrant |
State | TX |
Zip Code | 76012-3680 |
Amenities
Utilities | City Sewer, City Water |
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Parking Spaces | 20 |
Garages | Garage, Garage Door Opener |
Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Decorative Lighting |
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Heating | Central |
Fireplace | No |
Exterior
Roof | Composition |
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Construction | Brick |
Foundation | Slab |
School Information
District | Arlington ISD |
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Elementary | Pope |
High | Lamar |
Additional Information
Net Operation Income | $116,681 |
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Gross Annual Income | $181,315 |
Gross Annual Expenses | $64,633 |
Insurance Expense | $13,373 |
CapitalizationRate | 4.17 |
Unit 1 Details
Type | 3 Bedroom |
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Full Baths | 3 |
Listing Details
Agent | D.r. Couch |
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Office | Ready Real Estate LLC |