(Arlington) - Forty-two vintage townhouses have brought close to $40,000 per unit. Park Ridge Townhomes at 300 W. Park Row Dr. went to Clarus Investments 6 LLC of Portland, OR. The 92.4 percent-leased rental property sits on two acres, and will undergo moderate renovations as units turn. The 21-year-old townhouses, historically 100 percent filled, are close to the University of Texas at Arlington, with students making up roughly half of the tenant base. The roughly 1,000-square-foot units have two- and three-bedroom floor plans. The monthly rent averages 60 cents per square foot.
[GlobeSt.com]
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