Just Sold! | Pecan Square | 46 Units in Arlington, TX

A big congratulation to both the buyer and seller on this deal, especially during these unpredictable times! From PSA signing to close with the loan assumption was ~90 day which also included Thanksgiving, Christmas, and New Years. The buyer put up non-refundable earnest money day one giving the previous owners assurance of closing. Feel free to reach out to me if you would like to hear more about this transaction and other opportunities that we currently have.

• Pecan Square Has Been Owned by the Same Group of Investors for the Last 32 Years
• Current Rents Are $130+/Unit Below Comparable Rents in the Submarket
• The Two Mile Average Median Income for the Area Is $58,519 (Costar)
• The New Buyer Assumed the Seller’s Existing Loan 3.17% With 5 Years Remaining