Las Palmitas Apartments

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  • Garden

    TYPE

  • 77

    UNITS

  • 1980

    YEAR BUILT

  • 4.5x

    EQUITY MULTIPLE

  • 20%

    CASH-ON-CASH

OPPORTUNITY BREAKDOWN

Location: Arlington, TX

Type: Garden Style

Sold : Oct 2022 $9,000,000

Date Purchased : September 2017 for $3,000,000

180 Purchased this directly from the previous owner of 20 years.  A full exterior renovation was completed initially and 70% of the units were updated during the time of ownership.  A total investment of $400,000 was completed on this asset.  The property maintained a 95% average occupancy rate and produced 20% Cash on Cash Annually.