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1505 W Lovers Lane, Arlington, TX

$1,200,000 - $1.2M Price - .56 Acres

Chalet Apartments provides an excellent opportunity for a passive investor to take advantage of recent capital improvements and strong Arlington class C rental growth. Entire property was renovated to the studs in 2012, including tile flooring, plumbing, electrical, cabinets, electrical and plumbing fixtures. Owner replaced TPO roof in 2015 and converted HVAC to PTACS within the last 18 months and hot water heater in 2015. New owner can take advantage of recent improvements and improve mgt operations to lower expenses. Property qualifies for Waller Group Property Management for 5% of gross rents. ----OFFERING MEMORANDUM in attachments----

Essential Information

For 1505 W Lovers Lane, Arlington, TX
  • MLS® # 13966621
  • Price $1,200,000
  • Bathrooms 0.00
  • Acres 0.56
  • Year Built 1961
  • Type Multi-Family
  • Sub-Type Apartment / 5-Plex+
  • Status Active

Community Information

For 1505 W Lovers Lane, Arlington, TX
  • Address 1505 W Lovers Lane
  • Subdivision Arlington Gardens Add
  • City Arlington
  • County Tarrant
  • State TX
  • Zip Code 76013-3745

Area

For 1505 W Lovers Lane, Arlington, TX

ARLINGTON NORTHWEST CENTRAL (83)

Amenities

For 1505 W Lovers Lane, Arlington, TX
  • Parking Spaces 30

Utilities

For 1505 W Lovers Lane, Arlington, TX

City Sewer, City Water, Master Water Meter

Garages

For 1505 W Lovers Lane, Arlington, TX

Front, Open and Unassigned Garage, Uncovered

Interior

For 1505 W Lovers Lane, Arlington, TX
  • Interior Features Other
  • Heating Panel/Floor/Wall, Window Unit
  • # of Stories 2
  • Stories 2

Appliances

For 1505 W Lovers Lane, Arlington, TX

Drop-In Range/Oven-Elec, Refrigerator

Exterior

For 1505 W Lovers Lane, Arlington, TX
  • Roof Metal
  • Construction Brick, Frame/Brick Trim
  • Foundation Slab

School Information

For 1505 W Lovers Lane, Arlington, TX
  • District Arlington ISD
  • Elementary Southdavis
  • High Arlington

Listing Details

For 1505 W Lovers Lane, Arlington, TX
  • Agent Logan Waller
  • Office Waller Group LLC

Listing Location

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Price Change History for 1505 W Lovers Lane, Arlington, TX (MLS® #13966621)

Date Details Change
Status Changed from Active Option Contract to Active
Status Changed from Active to Active Option Contract

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Listing information last updated on January 22nd, 2019 at 7:00pm CST.