1408 Survey

1410 Survey

1412 Survey

1416 Survey

Multifamily Investment

14-Unit Multifamily Portfolio

1408, 1410, 1412 & 1416 Arvel Circle

Azle, Parker County, TX 76020

Asking Price

$1,300,000

14 units · $92,857/unit

11.2%

Est. Cap Rate

$146,076

Est. NOI

19.8%

Est. CoC Return

78.6%

Occupancy

Request All Docs

Cash or hard money only. No assignments, no JVs.

Property Breakdown

1408 Arvel Circle

Quadplex · 4 Units · 3 bed / 1.5 bath each

Asking

$360,000

Lot Size

0.75 ac

1410 Arvel Circle

Quadplex · 4 Units · 3 bed / 1.5 bath each

Asking

$360,000

Lot Size

0.76 ac

1412 Arvel Circle

Duplex · 2 Units · 3 bed / 2 bath each

Asking

$220,000

Lot Size

0.74 ac

1416 Arvel Circle

Quadplex · 4 Units · 3 bed / 1.5 bath each

Asking

$360,000

Lot Size

0.75 ac

Due Diligence Documents

Rent Roll Spreadsheet
Boundary Surveys 4 parcels · PDF
Property Info Sheet PDF

Request Due Diligence Docs

Get the full rent roll, financial snapshot, property videos, and the complete due diligence document package.

Package Unlocked

Full due diligence documents are being sent to your email. Scroll down to see info now.

Rent Roll

Property	Unit	Config	Status	Rent
1408	A	3/1.5	Occupied	$1,200
1408	B	3/1.5	Vacant	—
1408	C	3/1.5	Occupied	$1,100
1408	D	3/1.5	Occupied	$1,150
1410	A	3/1.5	Vacant	—
1410	B	3/1.5	Occupied	$1,200
1410	C	3/1.5	Occupied	$1,200
1410	D	3/1.5	Occupied	$1,150
1412	1	3/2	Occupied	$1,350
1412	2	3/2	Occupied	$1,350
1416	A	3/1.5	Vacant	—
1416	B	3/1.5	Occupied	$1,150
1416	C	3/1.5	Occupied	$1,200
1416	D	3/1.5	Occupied	$1,100
Total (11 of 14 occupied)				$13,150/mo

Financial Snapshot

6.59

Gross Rent Mult.

19.8%

Est. Cash-on-Cash

78.6%

Current Occupancy

18.0%

Est. Expense Ratio

Current Gross Rent (11 of 14 units occupied) $157,800/yr

Stabilized Gross Rent (14 units @ $1,175/mo) $197,400/yr

Less Vacancy (8.0%) −$15,792/yr

Effective Gross Income $181,608/yr

Less Operating Expenses (18.0%) −$35,532/yr

Estimated Net Operating Income $146,076/yr

Tax and insurance figures not provided by seller. Maintenance, management, vacancy, and CapEx rates are industry estimates for 1983-vintage multifamily in Parker County. Request actuals before making an offer.

Property Details

Year Built 1983

Construction Unknown

Roof All roofs replaced within last 3 years

HVAC Original (2008)

Plumbing Assumed PVC (1983 build), unconfirmed by seller

Water Heaters Vary by unit

Sewer Septic (no municipal sewer)

Gas No gas — all electric

Metering Each unit separately metered

Electrical Panels located inside by laundry area in kitchens

Flood Zone Zone X — minimal flood risk (FEMA Map 48367C0200 E, Sep 2008)

The Opportunity

3 vacant units ready to turn at market rent (~$1,175/unit)
Stabilized gross income increases from $145,800 to ~$197,400/yr (+35%)
After turning: potential rent bump to $1,250–$1,350/unit ($5,400–$5,600/quad)
Separately metered units — tenants pay own electric, reducing owner expenses
If the 3 vacant units rent at the current occupied average ($1,195/mo), gross income increases from $157,800/yr to $198,540/yr

Investor Note

Cash or hard money only. No assignments, no JVs. Seller motivated — 3 of 14 units currently vacant. Separate legal descriptions on massive adjacent tract. All properties on same street.