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Regency Apartments 2507 Airport Cir 72 Unit Apartment Building For Sale Arlington, TX 76010
Investment Highlights
- Regency Apartments is a 72-unit, garden-style apartment offering a mix of efficiency, one- and two-bedroom units averaging approximately 806 SF
- Just minutes from major employment centers which collectively drive thousands of daily jobs and sustained economic activity
- Located just minutes from multiple employment centers, the Property benefits from proximity to major employment anchors including the General Motors
- Regency Apartments presents a lender-owned acquisition opportunity for a well-located, value-add multifamily asset in Arlington
- The Property offers a clear path to a stabilized ~$508K NOI in year two through occupancy recovery, expense normalization and other improvements
- The property is being offered free-and-clear of existing debt
Property Facts
| Sale Type | Investment | Lot Size | 2.40 AC |
| No. Units | 72 | Building Size | 59,076 SF |
| Property Type | Multifamily | Average Occupancy | 33% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1967/1973 |
| Building Class | C | Parking Ratio | 1.79/1,000 SF |
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.40 AC |
| Building Size | 59,076 SF |
| Average Occupancy | 33% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/1973 |
| Parking Ratio | 1.79/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Patio
Site Amenities
- 24 Hour Access
- Picnic Area
- Property Manager on Site
- Grill
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 500 |
| 1+1 | 37 | - | 602 - 790 |
| 2+1 | 17 | - | 792 - 912 |
| 2+2 | 16 | - | 996 - 1,036 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $8,849,436 CAD | |
| Land Assessment | $700,244 CAD | Total Assessment | $9,549,680 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$700,244 CAD
Improvements Assessment
$8,849,436 CAD
Total Assessment
$9,549,680 CAD
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Regency Apartments | 2507 Airport Cir
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