Bella Vida

Summary:

The Multifamily Group is pleased to present the exclusive offering of the Bella Vida Apartments, a unique, value-add opportunity in Arlington, Texas.​ Constructed in 1984, the property consists of 84 units averaging 667 square feet.​ The property offers one and two-bedroom floorplans.​ The 36 one-bedroom, townhome-style units are 570 SF.​ The 48 two-bedroom units are 740 SF.​ The property is currently 98% occupied.​ The current owners have invested over $600,000 into the property.​ ($200,000 in interior and $400,000 in exterior renovations).​ Bella Vida is being offered free and clear.​

Value-Add:

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  Install washer/dryer hookups in all 48 two-bedroom units.​

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  Introduce a Water Conservation Program to reduce water expenses.​

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  Establish a new laundry contract to boost vending revenue.​

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  Increase Water RUBS (Ratio Utility Billing System) to improve cost recovery.​

Location:

Bella Vida is located in the lively city of Arlington, Texas equally nestled between Dallas and Fort Worth.​ Arlington is renowned for its Entertainment District, located less than a mile away, offering attractions such as AT&T Stadium, Globe Life Field, Choctaw Stadium, Lowe’s Convention Center, Six Flags over Texas, and Hurricane Harbor.​ Conveniently positioned just under a mile south of Interstate 30, Bella Vida also provides easy access to Randol Mill Road, Cooper Street, and Interstate-20, which is only a 4-minute drive away.​

Families will appreciate that all Pre-K through 12 schools are within a 10-minute drive, while professionals will benefit from proximity to major warehousing and manufacturing hubs, including the General Motors Arlington Assembly Plant, employing over 5,200 people and located just 10 minutes away.​ Additionally, Bella Vida is near the University of Texas at Arlington, home to 41,613 students, making it an excellent choice for students.​

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  More Than Half Are 2 Bedroom Units

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  Less Than a Mile From AT&T Stadium, Globe Life Field, and Choctaw Stadium

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  Townhome Style Floorplan in the One-Bedroom Units

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  Current Owner Invested $600,000 in Capital Expenditures

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  $1.4MM+ in Improvement Upside

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  $53,000+ Area Median Income – CoStar

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  8,100,000 Population in the Dallas-Fort Worth-Arlington MSA (2023)

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  Arlington Ranked in the Best Places To Live in Texas in 2023

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  DFW – Fastest Growing Metro in Job Growth in the United States