501 Arbor Creek DriveEuless, 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.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1985

Building area

13,969 Sq Ft

Lot size

1.21 acres

Parking spaces

30

Days on market

74

MLS^® Listing#

21334170

Property Features

Interior

Eat-in Kitchen · Open Floorplan · Vaulted Ceiling(s) · High Speed Internet

Appliances

Dishwasher · Electric Oven · Refrigerator

Cooling

Ceiling Fan(s) · Central Air · Electric

Heating

Central · Electric

Flooring

Carpet · Linoleum · Vinyl

Fireplace

Living Room · Wood Burning

Pool

In Ground · Outdoor Pool

Parking

Additional Parking · Assigned · Covered · On Site · Open

Fencing

None

Construction

Wood Siding · Brick

Foundation

Slab

Roof

Asphalt

Utilities

Cable Available · Electricity Available · Electricity Connected · Sewer Available

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Arbor Creek

Middle

Euless

High

Trinity

District

Hurst-Euless-Bedford ISD

Financial Details

HOA

$1,389 / MonthlyAssociation: Arbor Glen Owner's Association

Parcel number

06214096

Directions

Driving on 360 going south take exit Harwood Rd and Midway Dr. Then Turn right onto Harwood Rd. Then turn left onto Fuller Wiser Rd. Then Turn right onto E Midway Dr, finally turn into Arbor Club LN. The property will be on your right.