1601 Mignon Dr - Apartments FOR SALE


Arlington, TX 76010
$3,100,000 USD
626-646-7677
1601 Mignon Dr, Arlington, TX for Sale
$3,100,000 USD
Apartments - FOR SALE
1/23
null | 5.48% Cap Rate

1601 Mignon Dr
Arlington, TX 76010


HIGHLIGHTS

  • 2022 built
  • Centrally located
  • Open concept

OVERVIEW

This high-performing 8-unit portfolio offers a rare turn-key opportunity for investors seeking modern reliability and significant upside in the booming North Texas market. Built in 2022, the property promises a low-maintenance ownership experience with nearly new systems and premium finishes that command top-tier market rents. While currently 7 of the 8 units are leased for immediate cash flow, achieving full occupancy elevates the asset to a strong 5.48% Cap Rate. Strategically positioned to capitalize on the region’s massive growth, this investment is perfectly timed for the upcoming 2026 World Cup, which is set to bring nine matches—including a major semi-final—to nearby Arlington. With a projected multi-billion dollar economic impact and a surge in global demand for the area, this portfolio represents a sophisticated hedge against inflation and a play for significant long-term appreciation in one of the most resilient real estate corridors in the country.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

8

PRICE/UNIT

$387,500

CAP RATE

5.48%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mignon DR

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,998 SF

ZONING

-

APN/PARCEL ID

42765780,42765798,42765801,42765810,42765828,42765836,42765844,42765852

ASK ABOUT THIS PROPERTY

Alejandro Martinez CansinoOnly 1 Realty Group North DallasMore Info
626-646-7677

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Alejandro Martinez CansinoOnly 1 Realty Group North DallasMore Info
626-646-7677

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.