Wilshire Manor/Joint Venture

1736 West Randol Mill Road • Arlington, TX

Status:

Sold

Close of Escrow: 03/30/2007

Market Time: 73 Days

Activity ID: N0060311

Total Number of Units: 57

Year Built: 1968

Sale Price: $2,225,000

Price per Unit: $39,035

Price per Square Foot: $38.93

CAP Rate: 8.35%

GRM: 4.90

Downpayment: $450,000 (20%)

Net Operating Income: $185,747

Rentable Square Feet: 57,150

Lot Size: 2.01 Acres

Unit Type

Efficiency

1Bdr 1Bath

2Bdr 1Bath

No. of Units

4

17

36

The subject property consists of 3 buildings that include 57 units known as Wilshire Manor Apartments. The property is located on West Randol Mill Road in Arlington, Texas.