501 Arbor Creek Drive,Euless, TX 76039
Euless, TX 76039
Description
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.
Details
| MLS # | 21334170 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| HOA Dues | $1,389 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1985 |
| Days On Site | 34 |
| Listing Provided By | Real Estate By Pat Gray | Joleen Skipworth |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 2 Total |
| Pool | Yes |
| Units | 5 |
| Building(s) | 1 |
| Acreage | 1.21 |
Interior
| Cooling | Ceiling Fan(s), Central Air, Electric |
|---|---|
| Heating | Central, Electric |
| Interior Features | Cable TV Available, Decorative Lighting, Eat-in Kitchen, High Speed Internet Available, Open Floorplan, Vaulted Ceiling(s) |
| Appliances | Dishwasher, Electric Oven, Refrigerator |
| Fireplace Features | Living Room, Wood Burning |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Brick, Wood |
| Foundation Details | Slab |
Parking
| Garage Yn | 0 |
|---|---|
| Attached Garage Yn | 0 |
| Parking Features | Additional Parking, Assigned, Covered, On Site, Open |
Utilities
| Utilities | Cable Available, City Sewer, City Water, Electricity Available, Electricity Connected, Sewer Available |
|---|
Taxes
| Tax Lot | 86 |
|---|---|
| Tax Block | A |
| Tax Legal Description | ARBOR GLEN ADDITION BLOCK A LOT 86 & PART OF |
Area Information
| State | TX |
|---|---|
| County | Tarrant |
| City | Euless |
| Zip Code | 76039 |
| Area | Tarrant |
| Community Name | Arbor Glen Add |
| School District | Hurst-Euless-Bedford ISD |
| Elementary School | Arbor Creek |
| High School | Trinity |
| Listing VS Median (in Arbor Glen Add) | |
Price: $2,575,000 low | high Med: $176,298 On site: 34 low | high Med: 36.5 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Tarrant |
| City | Euless |
| Zip Code | 76039 |
| Area | Tarrant |
| Community Name | Arbor Glen Add |
| School District | Hurst-Euless-Bedford ISD |
| Elementary School | Arbor Creek |
| High School | Trinity |
| Listing VS Median (in Arbor Glen Add) | |
Price: $2,575,000 low | high Med: $176,298 On site: 34 low | high Med: 36.5 | |
