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$749,900

1006 Thannisch Drive, Arlington, TX, 76011

Off MarketInfo
Beds8 Beds
Baths8 Bath
Baths6,000 Sq Ft
ApartmentApartment
price_per_sqft$124.98 / sqft
Year BuiltBuilt in 1972

Highlights

Interior

Bedrooms 8Bedrooms 8
Bathrooms 8Bathrooms 8
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Laminate, Vinyl

Exterior

Lot Size20,390 sqft

Building Information

Year Built1972

Land Information

APN1350-2-9B
Lot Number9B
SubdivisionAvondale Place Addition
Land UseResidential
Legal DescriptionAVONDALE PLACE ADDITION BLOCK 2 LOT 9B
Census Tract121704
Assessed Land Value$138,679
Assessed Improvement Value$865,604
Assessment Year2025

About this property

Perfect Rental Property within walking distance to AT&T Stadium and The Ballpark in Arlington. This Property sits just off of Randal Mill and is right next the The Dallas Cowboys season ticket parking lot. This income generating property has a Gross Annual Income of $66,240 with a LOT of upside! Many of the units have been updated and many of the AC units have been recently replaced. Foundation work done on the structure over the past 2 years. 100% Leased!

Investor Tools

Property Icon
$1,004,283
Estimated Property Value
$0Estimated Mortgage Balance
$537,166Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,026 /month
Positive
Cash Flow Estimate:
$2,009 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,102/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,200
$1,004,283
2025
$138,679
$865,604
$1,004,283
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,200
$1,004,283

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Open End Mortgage / Open End With Future Advance Clause
$532,350
No
First
Feb 13, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$467,117
$537,166
53%
47%
$3,192/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Arlington

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1006 Thannisch Drive | Property Details | No Agent List