Price Reduction - Eco Friendly
Address
502 Bellevue Lane, Arlington, TX
Price
$ 2,800,000
Property Attributes
- MLS#20529276
- TypeMulti-Family
- CountyTARRANT
- CityArlington
- NeighborhoodWesley Commons
- Zip76012
- StyleMultiple Single Units
- Year Built2015
- Taxes$ 5531
- Price$ 2,800,000
- Bedrooms10
- Full Bathrooms10
- Half Bathrooms0
- Lot Size3,398 SqFt
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
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.
| Elementary School |
|---|
| Pope Elementary School |
| Price History | |
|---|---|
| 2/6/2024 | Listed $2,900,000 |
| 4/21/2024 | 4% - $2,800,000 |
General Features
| Heating | Central |
|---|---|
| Complex Name | Wesley Commons Townhomes |
| Cooling | Central Air |
| Utilities | City Sewer,City Water |
| Possession | 30-60 Days |
| Roof | Composition |
| Appliances | Disposal |
| School District | Arlington ISD |
| Capitalization Rate | 4.17 |
| Year Built | 2015 |
| Levels | Two |
| Unexempt Taxes | 5531 |
| Will Subdivide | No |
| Gross Annual Expenses | 64633.00 |
| Property SubType | Multiple Single Units |
| Subdivision Name | Wesley Commons |
| Insurance Expense | 13373 |
| County | Tarrant |
| Property Type | Residential Income |
| Construction Materials | Brick |
| Year Built Details | Preowned |
| HOA Type | None |
| # of Buildings | 10 |
| Status | Active |
| Directions | Use GPS |
| City | Arlington |
| Buyer Agent Compensation | 3.00 |
| Elementary School Name | Pope |
| High School | Lamar |
| Street Name | Bellevue |
| Elementary School | Pope |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20529276 |
| Standard Status | Active |
| Junior High School | Shackelford |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Decorative Lighting |
|---|---|
| Flooring | Carpet,Ceramic Tile,Laminate |
| Total Units | 10 |
| Unit Count | 1 |
| Lock Box Type | None |
| Street Suffix | Lane |
Exterior Features
| Parking Features | Garage,Garage Door Opener |
|---|---|
| Foundation | Slab |
| Lot Size Area | 0.0780 |
| Number Of Parking Spaces | 20 |
| Lot Size Units | Acres |
| Building Area Total | 1764.00 |
| Lot Size Square Feet | 3397.6800 |
| Lot Size Acres | 0.0780 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 76012
Price
Taxes
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
