504 Orange Street, Arlington, Texas 76012

$250,000
4
BD
List Price
$250,000
MLS#
14135286
Status
PENDING
Type
Multifamily
Year Built
1975
Construction Status
Preowned
Bedrooms
4
Full Baths
4
Acres
0.78
County
Tarrant
Area
ARLINGTON NORTHWEST CENTRAL (83)
City
Arlington
Subdivision
Hillcrest Add

Property Description

Awesome investment opportunity in the heart of Arlington on large lot! Separate house with duplex behind totals three new sources of income! House leases for $1,100; Unit C leased for $615 through Jan. 2020; and Unit D leased for $550 through Feb. 2020. Landlord pays water, gas on duplex only - tenant pays electric via separate meters for each unit. Tenant pays all bills on home. Landlord pays lawn maintenance. Main house sits to front of property and is bright with fresh paint and gorgeous flooring. Features two master suites with full bath for each. Private entrance into one master. Each unit of duplex has one bedroom, one bath, living and kitchen. Prime location for student housing located minutes from UTA.

Additional Information

Unexempt Taxes
$4,573
HOA
No HOA
Gross Annual Expenses
6500
Gross Annual Income
31500
Lot Size
33,759
Acres
0.78
Lot Description
Acreage, Irregular, Lrg. Backyard Grass, Some Trees
Subdivided
No
Interior Features
Decorative Lighting, Paneling, Window Coverings
Flooring
Ceramic Tile, Vinyl
Foundation
Pier & Beam
Roof
Composition
Stories
1
Street Utilities
City Sewer, City Water, Master Gas Meter, Master Water Meter
Heating Cooling
Central Air-Elec, Central Heat-Gas
Exterior
Covered Porch(es), Guest Quarters, RV/ Boat Parking, Separate Entry Quarters, Storage Building
Construction Material
Brick, Wood
Parking Garage
Common Lot, Fenced Open Lot, Open, Other, Side
Total Num Parking
6
School District
Arlington Isd
Elementary School
Speer
High School
Lamar
Proposed Financing
Cash, Conventional
Building Sq. Ft.
1524
Number of bldgs.
2
Number of units
3
Tenancy
Other
Possession
Closing/Funding, Subject to Lease
Cap Rate
10

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Arlington.