Monte Self

Monte Self, Realtor(R)

214-707-3223 (cell) 

 

 

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JP Lumblley & Associates, LLC 

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JP Lumbley 

&

Associates, LLC

 

Investment

Real Estate

 

Dallas, Texas

 

214-941-3417 (office) 

214-707-3223 (Monte's cell)

 

214-405-3417  (Joe's cell) 

214-279-0663  (fax)

 

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Email Monte 

 

 

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Front of Unit: Fellowship 

fellowship street  

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Fellowship Apartments Arlington 18 Units

 Fellowship Apartments

18 Units

2637 Randol Mill Road

West Arlington

Arlington, Texas

 

$699,000 cash or new loan

25-30% Down

 No owner financing. Don't even ask.

 

16.45% Cash on cash return

9.37% CAP Rate

1.78 Debt Coverage Ratio

 

CLICK HERE to download a full info package on this investment

 

Subject property is an 18-unit multifamily investment in the prestigious west Arlington area in the Dallas/Fort Worth Metroplex.  Property is made up of 3 quads and 1 6plex, marketed as one package of 18 units. Each unit is a 2 bedroom & 2 bath, 1 story flat, with it's own attached carport & storage area making them unique and enhancing their leasibility.

  

The Fellowship Apartments are located in Arlington, Texas, a City of 365,438 population located on IH 30 midway between Dallas and Fort Worth. It is the 3rd largest municipality in the Metroplex, 7th largest city in Texas, and the 50th largest city in the US.

 

Arlington is home to the University of Texas @ Arlington, Texas Rangers & Rangers Ballpark, Dallas Cowboys & Cowboy Stadium, Six Flags Over Texas, International Bowling Campus ( which houses US Bowling Congress, International Bowling Museum & Hall of Fame), and Hurricane Harbor. The General Motors assembly plant in east Arlington has been a major part of Arlington since 1954.

 

 

OUR COMPANY POLICIES

Please be aware that our company policy does not allow us to distribute a client's confidential financial documents to new buyers until all parties are under contract and covered by confidentiality clauses.  Identity theft is one of the fastest-growing crimes in the world, and our fiduciary responsibility to our clients demands that we closely guard their privacy.  Rest assured that all financials presented in our analyses are taken directly from the seller's trailing 12-month profit and loss statements. 

 

Once you, as a new buyer, have been vetted by us, we can be more flexible.  I'm sure you wouldn't appreciate having YOUR confidential business information sent out to somebody known only by an anonymous Internet address, would you?

 

We don't do pro-formas.  It wastes everybody's time.  If you cannot depend upon your broker to be enough of a professional to provide you with realistic numbers, we respectfully suggest that you need to find another broker to do business with.  All of the financials we're presenting to you will be verified by your own direct inspection of the seller's financial documents, which will be made available to you during your feasibility period once the property is under contract.

  

We will be glad to arrange an on-site showing to pre-qualified prospective buyers.  
  
DO NOT GO ONSITE WITHOUT HAVING ONE OF OUR  AGENTS PRESENT.  DO NOT DISTURB TENANTS.
  
If you're interested in this investment, call your
JP Lumbley & Associates LLC representative 
  
Monte Self at 214-707-3223
 or
Joe Lumbley at 214-941-3417

 

 

 

Arlington Texas

Center of the DFW Metroplex

     

 Arlington Locator 

 Centrally Located between Dallas and Fort Worth