Multifamily
Element
1516 Arbor Town Cir, Arlington, TX 76011
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present Element, a 200-unit multifamily community in Arlington, Texas. Built in 1979, the property has benefited from $774,976 in recent capital improvements and offers multiple avenues for additional NOI growth. Element features $19.28 million of assumable Fannie Mae financing with interest-only payments through July 2027, while value-add opportunities include continued unit upgrades, reserved parking, and expanded furnished washer and dryer offerings. Located two blocks north of AT&T Stadium, the property is positioned near Six Flags Over Texas, Globe Life Field, UT Arlington, Texas Health Resources, GM Arlington Assembly, and GM Financial. Pro forma NOI totals $1.50 million, with Year 5 NOI projected at $2.02 million.
Element
Investment Highlights
- 200-unit garden-style community built in 1979 on 6.71 acres, with 155,428 NRSF and nine distinct one- and two-bedroom floor plans.
- $1.29M in potential value creation, supported by $774,976 in recent capital improvements and continued value-add opportunities.
- Pro forma NOI of $1.50M with projected Year 5 NOI reaching $2.02M, supported by operational and revenue-growth initiatives.
Listing Price: Request For Offer
Investment Highlights
- 200-unit garden-style community built in 1979 on 6.71 acres, with 155,428 NRSF and nine distinct one- and two-bedroom floor plans.
- $1.29M in potential value creation, supported by $774,976 in recent capital improvements and continued value-add opportunities.
- Pro forma NOI of $1.50M with projected Year 5 NOI reaching $2.02M, supported by operational and revenue-growth initiatives.
Investment Overview
Marcus & Millichap is pleased to present Element, a 200-unit multifamily community in Arlington, Texas. Built in 1979, the property has benefited from $774,976 in recent capital improvements and offers multiple avenues for additional NOI growth. Element features $19.28 million of assumable Fannie Mae financing with interest-only payments through July 2027, while value-add opportunities include continued unit upgrades, reserved parking, and expanded furnished washer and dryer offerings. Located two blocks north of AT&T Stadium, the property is positioned near Six Flags Over Texas, Globe Life Field, UT Arlington, Texas Health Resources, GM Arlington Assembly, and GM Financial. Pro forma NOI totals $1.50 million, with Year 5 NOI projected at $2.02 million.
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