501 ARBOR CREEK DRIVE, EULESS, TX 76039
Homes for sale in Euless.
Homes for sale in 76039.
List Price$2,575,000
501 Arbor Creek Drive
Euless, TX 76039
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
Real Estate IDX Powered by iHomefinder
