Living / Multi-housing
Call for offer: 14 days

Alcove Oaks - 2023

500 Tish Cir, Arlington, TX, 76006-3516, US

BrochureDownload
Alcove Oaks - 2023_Property for Sale

Gallery

Alcove Oaks - 2023 2_Property for Sale

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) or its state licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Alcove Oaks (the “Property”), a 270-unit asset in Arlington, Texas. The Property enjoys excellent connectivity between Fort Worth and Dallas via Highway 183 and I-30 which offers residents convenient commute times to all areas of the metroplex including the DFW Airport, Texas Health Arlington Memorial, the American Airlines Headquarters, and the Great Southwest Industrial Park. The Property offers investors a significant value-add opportunity as the asset was built in 1980 and has 198 units left to renovate. The opportunity exists to expand on the current renovation program to help bridge the $165 gap between the Property and competitive set resulting in an additional $392,040 annually of rental revenue.

Attributes

Number of units
270 units
Occupancy
90.00%
Year built
1980
Building area Net
20,812 m²
Call for Offers
12/04/2023

Investment Highlights

COMMUNITY AMENITIES

• Sparking Resort-Style Swimming Pool

• Paw Park

• Clubhouse

• 24-Hour Fitness Center

• Grand Fireside Retreat

• Outdoor BBQ Stations

• State of the Art Business Center

• Package Lockers

• Valet Trash Service


APARTMENT AMENITIES

• Stainless Steel Appliances*

• Washer/Dryer Connections

• USB Outlets*

• Personal Yards*

• Wood-Burning Fireplace*

• Modern Fixtures*

• Ceramic Tile Backsplash*

• Multi-Cycle Dishwashers

*in select units

Alcove Oaks - 2023 4_Property for Sale
Alcove Oaks - 2023 4_Property for Sale

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
14 Mar 2023