501 ARBOR CREEK DRIVE, EULESS, TX 76039

Homes for sale in Euless.

Homes for sale in 76039.


Active

List Price$2,575,000

501 Arbor Creek Drive

Euless, TX 76039

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Listing #21334170

1

Bedrooms

1 full, 1 partial

Bathrooms

13,969

Square Feet

15

Number of Units

Multi-Unit Residential

Type

About This Property

Positioned in the heart of the Mid-Cities, this 15-unit apartment property offers investors a compelling combination of scale, location, and an established residential setting. The property's central location, manageable unit count, varied floor plans, and established multifamily configuration may appeal to investors seeking an income-producing asset with the ability to evaluate operations, rents, expenses, occupancy, and future improvement strategies according to their own investment objectives. Tucked along a quiet, secluded street surrounded by mature trees, the community is near a greenbelt and community pool, creating an appealing residential atmosphere for tenants. The property contains approximately 13,969 square feet on approximately 1.205 acres and includes a practical unit mix of thirteen one-bedroom apartments and two two-bedroom apartments. Approximately 30 on-site parking spaces include covered, assigned, open, and guest parking options. Ideally positioned for resident convenience, the property is (just around the corner) approximately 0.1 mile from Arbor Creek Elementary, 0.9 mile from Euless Junior High and 1.3 miles from Trinity High School, with grocery shopping, restaurants, coffee shops and neighborhood retail available within approximately one mile. Multiple Euless parks and recreation destinations are also located within roughly two miles. The Euless location provides convenient access to DFW International Airport, Highway 360, major thoroughfares, employment centers, and destinations throughout DFW. At a time when elevated ownership costs continue to keep many households in the rental market, an established apartment property near jobs, transportation, schools, and everyday services may offer the kind of practical housing tenants consistently seek. Buyer and buyer's agent should independently verify all information.

Property Features

Location Information

County

Tarrant

Subdivision

Arbor Glen Add

Interior Features

Interior

Decorative/Designer Lighting Fixtures, Eat-in Kitchen, High Speed Internet, Open Floorplan, Cable TV, Vaulted Ceiling(s)

Heating

Central, Electric

Full Baths

1

Cooling

Central Air, Ceiling Fan(s), Electric

1/2 Baths

1

Floors

Carpet, Linoleum, Luxury Vinyl Plank

Has Fireplace

Yes

Appliances

Dishwasher, Electric Oven, Refrigerator

Number of Fireplaces

1

Total Number of Units

15

Exterior Features

Construction

Brick, Wood Siding

Has a Pool

Yes

Foundation

Slab

Pool Description

In Ground, Outdoor Pool, Pool

Roof

Asphalt

Lot Size in Acres

1.205

Utilities

Electricity Available, Electricity Connected, Sewer Available, Water Available, Cable Available

Lot Size in Sq. Ft.

52,489

Parking Description

Additional Parking, Assigned, Covered, On Site, Open

Buildings

1

Garage Spaces

1

Building Total Area (Sq. Ft.)

13,969

Fencing

None

Is One Story

No

School

Elementary School District

Hurst-Euless-Bedford ISD

Jr. High School

Euless

Elementary School

Arbor Creek

High School

Trinity

Additional Information

Year Built Details

Preowned

Has a Home Owners Association

Yes

Property Type

RI

HOA Fee

$1,389

Property SubType

Apartment

HOA Frequency

Monthly

Year Built

1985

HOA Includes

Maintenance Grounds

Status

Active

Similar Listings

Mortgage Calculator

$12,024

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$9,279

Monthly Tax

$2,145

Monthly Insurance

$600

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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