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NTREISListing courtesy of Real Estate By Pat Gray. Information provided by NTREIS

Active

$2,575,000

  • 1 bed
  • 2 baths
  • 1.21 acre lot

501 Arbor Creek Drive

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Listing data updated

About this home

Positioned in the heart of the Mid-Cities, this 15-unit apartment property offers investors a compelling combination of scale, location, and an established residential setting. The property’s central location, manageable unit count, varied floor plans, and established multifamily configuration may appeal to investors…

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Positioned in the heart of the Mid-Cities, this 15-unit apartment property offers investors a compelling combination of scale, location, and an established residential setting. The property’s central location, manageable unit count, varied floor plans, and established multifamily configuration may appeal to investors seeking an income-producing asset with the ability to evaluate operations, rents, expenses, occupancy, and future improvement strategies according to their own investment objectives. Tucked along a quiet, secluded street surrounded by mature trees, the community is near a greenbelt and community pool, creating an appealing residential atmosphere for tenants. The property contains approximately 13,969 square feet on approximately 1.205 acres and includes a practical unit mix of thirteen one-bedroom apartments and two two-bedroom apartments. Approximately 30 on-site parking spaces include covered, assigned, open, and guest parking options. Ideally positioned for resident convenience, the property is (just around the corner) approximately 0.1 mile from Arbor Creek Elementary, 0.9 mile from Euless Junior High and 1.3 miles from Trinity High School, with grocery shopping, restaurants, coffee shops and neighborhood retail available within approximately one mile. Multiple Euless parks and recreation destinations are also located within roughly two miles. The Euless location provides convenient access to DFW International Airport, Highway 360, major thoroughfares, employment centers, and destinations throughout DFW. At a time when elevated ownership costs continue to keep many households in the rental market, an established apartment property near jobs, transportation, schools, and everyday services may offer the kind of practical housing tenants consistently seek.

Buyer and buyer’s agent should independently verify all information.

Bedrooms
1
Bathrooms
2
Lot size
1.21 acres
Year built
1985
Property type
Apartment
Status
Active
MLS number
21334170

Listing courtesy of Real Estate By Pat Gray

Listing agent Joleen Skipworth

Office phone 817-249-5483

Estimated monthly cost

Estimated payment based on the assumptions shown. It is not a quote, an approval or a rate offer.

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Location

Facts and features

Interior

Bedrooms
1
Bathrooms
2

Lot

Lot size
1.21 acres

Building

Year built
1985
Property type
Apartment

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Listing courtesy of Real Estate By Pat Gray. Information provided by NTREIS

Information is deemed reliable but not guaranteed.

Listing data updated