972-379-9862
927 N Oak St, Arlington, TX for Sale
Apartments - FOR SALE
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927 N Oak St
Arlington, TX 76011


HIGHLIGHTS

  • More Than Half Are 2 Bedroom Units
  • Less Than a Mile From AT&T Stadium, Globe Life Field, and Choctaw Stadium
  • Townhome Style Floorplan in the One-Bedroom Units
  • Current Owner Invested $600,000 in Capital Expenditures
  • $1.4MM+ in Improvement Upside
  • $53,000+ Area Median Income – CoStar

OVERVIEW

Summary: The Multifamily Group is pleased to present the exclusive offering of the Bella Vida Apartments, a unique, value-add opportunity in Arlington, Texas. Constructed in 1984, the property consists of 84 units averaging 667 square feet. The property offers one and two-bedroom floorplans. The 36 one-bedroom, townhome-style units are 570 SF. The 48 two-bedroom units are 740 SF. The property is currently 98% occupied. The current owners have invested over $600,000 into the property. ($200,000 in interior and $400,000 in exterior renovations). Bella Vida is being offered free and clear. Value-Add: - Install washer/dryer hookups in all 48 two-bedroom units. - Introduce a Water Conservation Program to reduce water expenses. - Establish a new laundry contract to boost vending revenue. - Increase Water RUBS (Ratio Utility Billing System) to improve cost recovery. Location: Bella Vida is located in the lively city of Arlington, Texas equally nestled between Dallas and Fort Worth. Arlington is renowned for its Entertainment District, located less than a mile away, offering attractions such as AT&T Stadium, Globe Life Field, Choctaw Stadium, Lowe’s Convention Center, Six Flags over Texas, and Hurricane Harbor. Conveniently positioned just under a mile south of Interstate 30, Bella Vida also provides easy access to Randol Mill Road, Cooper Street, and Interstate-20, which is only a 4-minute drive away. Families will appreciate that all Pre-K through 12 schools are within a 10-minute drive, while professionals will benefit from proximity to major warehousing and manufacturing hubs, including the General Motors Arlington Assembly Plant, employing over 5,200 people and located just 10 minutes away. Additionally, Bella Vida is near the University of Texas at Arlington, home to 41,613 students, making it an excellent choice for students.

FOR SALE DETAILS

PRICE

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# OF UNITS

84

CAP RATE

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% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bella Vida Apartment Homes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.8 AC

LAND SF

122,142 SF

ZONING

F22

APN/PARCEL ID

04983076

ASK ABOUT THIS PROPERTY

Chase DavisThe Multifamily GroupMore Info
972-379-9862

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Chase DavisThe Multifamily GroupMore Info
972-379-9862

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.