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-Natalie
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TL;DR: 11 condo units across two DFW communities, all eleven leased, owned free and clear with no mortgage debt. NOI ran about $114,600 in 2025 — roughly a 7.2% unlevered cap at the $1,600,000 asking price.
This is a fully-tenanted, absentee-owned portfolio of 11 residential condominium units located across the Arlington and Grand Prairie areas of the Dallas-Fort Worth metroplex, generating $14,600 per month ($175,200 annually) in cash flow to ownership when fully occupied.
The portfolio spans two established, HOA-governed condominium communities and includes a mix of one-, two-, and four-bedroom floor plans totaling approximately 7,000+ square feet across the 11 units. All units are currently leased on a long-term basis. Two leases are set to expire this month, and one of those units has already been re-leased to a new tenant moving in August 1.
Ownership requires minimal time commitment — this is a passive, absentee-run investment. With income spread across 11 separate units rather than concentrated in a single asset, vacancy in any one unit represents a small fraction of total portfolio income rather than a full income stoppage.
The Dallas-Fort Worth multifamily and rental market enters 2026 with strong fundamentals: national multifamily investment volume recently hit a three-year high, and rental demand remains well-supported by an ongoing affordability gap between renting and buying. The Arlington/Grand Prairie submarket benefits from a growing population and a median household income near $81,600.
Each unit is individually deeded, giving a new owner flexibility to hold the portfolio as a whole, refinance, or divest individual units over time as market conditions allow. Because each community is HOA-governed, much of the exterior maintenance and common-area upkeep is handled under existing association structures.
Full rent roll, lease documentation, and per-unit financial detail will be provided to qualified buyers following an introductory call with the seller.
Contact us today to learn more about this opportunity and request additional information.
Ad#:2533524