Bella Vida Apartment Homes | 927 N Oak St
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Bella Vida Apartment Homes 927 N Oak St
84 Unit Apartment Building For Sale Arlington, TX 76011
Investment Highlights
- More Than Half Are 2 Bedroom Units
- Townhome Style Floorplan in the One-Bedroom Units
- $1.4MM+ in Improvement Upside
- Less Than a Mile From AT&T Stadium, Globe Life Field, and Choctaw Stadium
- Current Owner Invested $600,000 in Capital Expenditures
- $53,000+ Area Median Income – CoStar
Executive Summary
Summary:
The Multifamily Group is pleased to present the exclusive offering of the Bella Vida Apartments, a unique, value-add opportunity in Arlington, Texas. Constructed in 1984, the property consists of 84 units averaging 667 square feet. The property offers one and two-bedroom floorplans. The 36 one-bedroom, townhome-style units are 570 SF. The 48 two-bedroom units are 740 SF. The property is currently 98% occupied. The current owners have invested over $600,000 into the property. ($200,000 in interior and $400,000 in exterior renovations). Bella Vida is being offered free and clear.
Value-Add:
- Install washer/dryer hookups in all 48 two-bedroom units.
- Introduce a Water Conservation Program to reduce water expenses.
- Establish a new laundry contract to boost vending revenue.
- Increase Water RUBS (Ratio Utility Billing System) to improve cost recovery.
Location:
Bella Vida is located in the lively city of Arlington, Texas equally nestled between Dallas and Fort Worth. Arlington is renowned for its Entertainment District, located less than a mile away, offering attractions such as AT&T Stadium, Globe Life Field, Choctaw Stadium, Loew’s Convention Center, Six Flags over Texas, and Hurricane Harbor. Conveniently positioned just under a mile south of Interstate 30, Bella Vida also provides easy access to Randol Mill Road, Cooper Street, and Interstate-20, which is only a 4-minute drive away.
Families will appreciate that all Pre-K through 12 schools are within a 10-minute drive, while professionals will benefit from proximity to major warehousing and manufacturing hubs, including the General Motors Arlington Assembly Plant, employing over 5,200 people and located just 10 minutes away. Additionally, Bella Vida is near the University of Texas at Arlington, home to 41,613 students, making it an excellent choice for students.
The Multifamily Group is pleased to present the exclusive offering of the Bella Vida Apartments, a unique, value-add opportunity in Arlington, Texas. Constructed in 1984, the property consists of 84 units averaging 667 square feet. The property offers one and two-bedroom floorplans. The 36 one-bedroom, townhome-style units are 570 SF. The 48 two-bedroom units are 740 SF. The property is currently 98% occupied. The current owners have invested over $600,000 into the property. ($200,000 in interior and $400,000 in exterior renovations). Bella Vida is being offered free and clear.
Value-Add:
- Install washer/dryer hookups in all 48 two-bedroom units.
- Introduce a Water Conservation Program to reduce water expenses.
- Establish a new laundry contract to boost vending revenue.
- Increase Water RUBS (Ratio Utility Billing System) to improve cost recovery.
Location:
Bella Vida is located in the lively city of Arlington, Texas equally nestled between Dallas and Fort Worth. Arlington is renowned for its Entertainment District, located less than a mile away, offering attractions such as AT&T Stadium, Globe Life Field, Choctaw Stadium, Loew’s Convention Center, Six Flags over Texas, and Hurricane Harbor. Conveniently positioned just under a mile south of Interstate 30, Bella Vida also provides easy access to Randol Mill Road, Cooper Street, and Interstate-20, which is only a 4-minute drive away.
Families will appreciate that all Pre-K through 12 schools are within a 10-minute drive, while professionals will benefit from proximity to major warehousing and manufacturing hubs, including the General Motors Arlington Assembly Plant, employing over 5,200 people and located just 10 minutes away. Additionally, Bella Vida is near the University of Texas at Arlington, home to 41,613 students, making it an excellent choice for students.
Property Facts
| Sale Type | Investment | Lot Size | 2.80 AC |
| No. Units | 84 | Building Size | 56,040 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1984 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.80 AC |
| Building Size | 56,040 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1984 |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Vaulted Ceiling
- Stainless Steel Appliances
- Pantry
- Patio
Site Amenities
- Laundry Facilities
- Picnic Area
- Pool
- Pet Play Area
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | 570 |
| 2+1 | 48 | - | 740 - 760 |
PROPERTY TAXES
| Parcel Number | 04983076 | Improvements Assessment | $8,372,503 |
| Land Assessment | $427,497 | Total Assessment | $8,800,000 |
PROPERTY TAXES
Parcel Number
04983076
Land Assessment
$427,497
Improvements Assessment
$8,372,503
Total Assessment
$8,800,000
zoning
| Zoning Code | F22 |
| F22 |
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Bella Vida Apartment Homes | 927 N Oak St
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