1900 Melrose Street, Arlington, Texas 76010

$6,000,000
99
BD
List Price
$6,000,000
MLS#
14145107
Status
PENDING
Type
Multifamily
Year Built
1960
Construction Status
Preowned
Bedrooms
99
Full Baths
20
Acres
0.18
County
Tarrant
Area
ARLINGTON NORTHEAST CENTRAL (84)
City
Arlington
Subdivision
Meadowbrook Park Add
Building Name
Melrose Duplexes

Property Description

Melrose Duplexes consists of 35 duplexes (70 units) on two streets in the heart of the DFW Metroplex. Each duplex consists of two units - each unit has 2 bedrooms, 1 bath, and is 676 sq. feet. All duplexes have brick exteriors and are individually metered for electricity, water, and gas. Located less than 15 miles from DFW International Airport and less than 2.5 miles from AT&T Stadium (Dallas Cowboys) and Globe Life Park (Texas Rangers). Recent property wide capital improvements include interior upgrades, exterior painting of all 35 duplexes, stained fencing between duplexes, cap and trim stained fencing along the property entrance, and landscaping. Roofs replaced on 26 of 35 duplexes in 2015.

Additional Information

Unexempt Taxes
$54,695
HOA
No HOA
Annual Insurance
17732
Gross Annual Expenses
330904
Gross Annual Income
711521
Lot Size
7,884
Acres
0.18
Subdivided
No
Interior Features
Cable TV Available
Flooring
Vinyl
Foundation
Slab
Roof
Composition
Stories
1
Street Utilities
City Sewer, City Water, Individual Gas Meter, Individual Water Meter
Heating Cooling
Central Air-Elec, Central Heat-Elec, Central Heat-Gas, Panel/Floor/Wall, Window Unit
Construction Material
Brick
Parking Garage
Front, On Street, Side, Uncovered
Total Num Parking
70
School District
Arlington Isd
Elementary School
Berry
High School
Sam Houston
Proposed Financing
Cash, Conventional
Building Sq. Ft.
47320
Number of bldgs.
35
Number of units
70
Possession
Closing/Funding, Lease Outstanding
Cap Rate
6.34

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of Visions Realty & Investments.