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.
Location Overview: Located centrally between Dallas and Fort Worth, Arlington is the 3rd most populated city in the metroplex, and the 7th most populous city in TX with over 350,000 residents. The city is strategically situated within the center of the DFW Metroplex located approximately 15 miles (24 km) east of downtown Fort Worth and 20 miles (32 km) west of downtown Dallas. Arlington is approximately 15 miles to the South of Dallas/Fort Worth International Airport, which ranks 4th globally for operations, 15th in terms of total passengers, and supports over 225,000 full time jobs. Arlington owns and operates the Arlington Municipal Airport, which is a public use airport currently used for general aviation services and serves as a reliever airport for DFW International and Dallas Love Field Airports.
Sale Highlights
-Opportunity to own 35 duplexes on two contiguous streets.
-Located in Arlington, Texas - the 3rd most populated city in the metroplex, and the 7th most populous city in TX with over 350,000 residents.
-Value add opportunity - proven ability to significantly increase rent with central HVAC update (8 units currently completed).
-Recent property wide capital improvements include 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.
-Units are separately metered for gas, electricity and water.
-Unique exit strategy - each duplex is platted separately giving a buyer the ability to sell duplexes individually in the future.
-Less than 3 miles to the General Motors Plant, Texas Rangers, Dallas Cowboys, and the University of Texas at Arlington.
-Nearby General Motors Arlington Assembly employs roughly 4,500 workers and produces approximately 1,200 cars each day.
-15 miles to the North is Dallas/Fort Worth International Airport which ranks 4th globally for operations, 15th in terms of total passengers, and supports over 225,000 full time jobs.
-2 miles to the West is the University of Texas at Arlington - the largest university in North Texas and fourth-largest in the state with over 40,000 enrolled students.
-Duplexes are 0.3 miles from Berry Elementary school.
-New York Avenue recently updated with a $12 million program that replaced utilities, rebuilt the road bed, and replaced the pavement and sidewalks.
-Viewing opportunities will include two open houses. Please contact the listing broker for additional information regarding the specific days/times.
-Current property management company willing to continue management. Please contact the listing broker if you would like a copy of this proposal.
Steve Fithian, CCIM, CPM, CPA | Managing Director
SVN | Trinity Advisors - An ACCREDITED MANAGEMENT ORGANIZATION® Firm
3000 Race Street, Ste. 100, Fort Worth, TX 76111
Office 817.288.5525 | Fax 817.288.5585
Direct 817.288.5524
[email protected] | http://svntrinity.com
Jason Reynolds | Associate Broker & REALTOR®
Visions Realty & Investments, Inc.
3000 Race Street, Ste. 132 Fort Worth, TX 76111
Personal Cell: 817-269-0988
Work Email: [email protected]
Company Website: http://www.VisionsRealty.com
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