Park at Ashford, The_Property for Sale
Park at Ashford, The_Property for Sale
3550 S Fielder Rd, Arlington, TX, 76015-3923, US

Park at Ashford, The

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in The Park at Ashford (the “Property”).This distinctive 144-unit value-add asset is located in Arlington, TX, providing convenient access to both Dallas and Fort Worth, as well as prominent retail destinations and employment centers like The Parks Mall at Arlington, University of Texas at Arlington (UTA), Medical City Arlington, AT&T Stadium, and Grand Prairie Premium Outlets. The Property offers spacious floorplans that generate a neighborhood atmosphere, complemented by attached one and two-car garages. With the Property achieving rent premiums between $156 and $189 on renovated units, investors can capitalize on rent increases through a comprehensive renovation program, considering that only nine units have been renovated (~6% of the property). Under new ownership, the unique single-family ambiance of the units, coupled with the significant momentum of the area fueled by the growth of UTA, the World Series Champions Texas Rangers, AT&T Stadium hosting the World Cup in 2026, and the ongoing development of Texas Live!, can be leveraged to implement an impactful renovation program that enhances NOI.

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Attributes

Number of units
144
Occupancy
93.1%
Year built
1984
Building area net
11,815 m²
Land area net
4.33 ha

Media

Investment Highlights

Community Amenities

  • Two Rejuvenating Swimming Pools
  • Covered Outdoor Grill Area
  • Clubhouse with Wi-Fi
  • Inviting Leasing Office
  • Parcel Lockers
  • Valet Trash Service
  • Java Coffee Bar
  • Calisthenics-Centric Outdoor Gym
  • Extensive Frontage Along S Fielder Rd

Apartment Amenities

  • Townhome Style Layout
  • In-Unit Washer & Dryer
  • Attached One & Two Car Garages
  • Stainless Steel Appliances*
  • Faux Hardwood Flooring
  • Subway Tile Backsplash
  • Premium Hardware & Lighting
  • Plush Carpeting in Bedrooms
  • Cathedral-Like Ceilings
  • Private Patios & Balconies*
  • Wood-Burning Fireplace*

*in select units

Park at Ashford, The 4_Property for Sale
Park at Ashford, The 4_Property for Sale

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Park at Ashford, The (0 Properties)

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Last updated
9 May 2024