Element — Sale in Arlington, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Arlington, TX 76011

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Description

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. 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. • Pro forma NOI of $1.50M with projected Year 5 NOI reaching $2.02M, supported by operational and revenue-growth initiatives.

Market Context

This multifamily in Arlington, TX is listed for sale. Compare it against other multifamily listings for sale in Arlington, TX — view the full market.

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