101 Center - University of Texas Arlington
101 S Center St, Arlington, TX, 76010-7106, US
244 units
Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest for Gateway Place (the “Property”), a 142-unit asset located in Garland, TX. The Property is conveniently located just north of Interstate-30, providing accessibility to several natural amenities such as Lake Ray Hubbard and Audubon Park, as well as prominent employment hubs including Downtown and Uptown Dallas, The Telecom Corridor, Texas Instruments, and more, all within a 20-minute drive. Built in 1983, Gateway Place offers a unique community atmosphere characterized by two-story, low density living with a plethora of surrounding greenspace as well as expansive floorplans consisting of 1, 2 and 3-bedroom options. Additionally, the Property offers washer/ dryer connections in every unit, a new roof and upgraded windows, has no deferred maintenance, and includes a full upgrade of the common areas, enhancing convenience and providing a well-maintained living environment. Furthermore, Gateway Place provides an attractive opportunity to continue the proven value-add program by renovating the remaining 75% of units to bridge the $195 rental gap between the classic and renovated units.
COMMUNITY AMENITIES
◊ Resort-Style Swimming Pool
◊ Lush Dog Park
◊ Convenient Package Receiving
◊ BBQ Grills and Picnic Area
◊ Carport Parking Available
◊ Controlled Gated Access
APARTMENT AMENITIES
◊ Energy Efficient Stainless Steel Appliances*
◊ Hardwood Style Flooring*
◊ Granite Countertops*
◊ Washer/Dryers*
◊ Spacious Walk-in Closets
◊ Fireplace*
*In select units