Rare Investment Opportunity 4-Unit Incomplete Structure! Discover the potential at 1214 -1220 Alisa Lane, a rare investment opportunity featuring a 4-unit multifamily structure, each with separate tax ID numbers. The property is currently incomplete, offering a blank slate for value added to investors or developers to finish out the build to suit rental, resale, or portfolio strategies. Each unit is framed and ready for completion, presenting a flexible layout ideal for multifamily income generation. With infrastructure in place and significant progress already made, this is an excellent opportunity to capitalize on the growing demand for housing in the area. Whether you're looking to finish and flip, hold for rental income, or complete as a condo conversion project this property is primed for returns. Sold as-is. Investor inquiries welcome.
Property Features
Bedrooms
- Bedrooms: 4
- Bedrooms Possible: 4
- Primary Bedroom Dimensions: 25' x 25'
- Bedroom 1 Dimensions: 21' x 25'
- Bedroom 2 Dimensions: 21' x 25'
- Bedroom 3 Dimensions: 21' x 25'
- Primary Bedroom Level: Second
- Bedroom 1 Level: Second
- Bedroom 2 Level: Second
- Bedroom 3 Level: Second
Other Rooms
- Total Rooms: 7
- Living Room Dimensions: 25' x 27'
- Living Room Level: First
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- 1/2 Bathrooms: 1
Heating and Cooling
- Cooling Features: CentralAir, Gas
- Heating Features: Central, Gas
- Heating: Yes
Kitchen and Dining
- Dining Room Level: First
- Kitchen Level: First
Land Info
- Lot Size Acres: 0.05
- Lot Size Source: Appraiser
- Lot Size Square Feet: 2047
School Information
- Elementary School: FOSTER ELEMENTARY SCHOOL (ARLINGTON)
- Elementary School District: 314 - Arlington
- High School: BOWIE HIGH SCHOOL (ARLINGTON)
- High School District: 314 - Arlington
- Middle School: WORKMAN JUNIOR HIGH SCHOOL
- Middle or Junior School District: 314 - Arlington
Rental Info
Other Property Info
- Annual Tax Amount: 5448
- Source Listing Status: Active
- County: Tarrant
- Directions: From SH 360 South, take the exit for I-20 West, take exit 451 toward Collins Street, turn right onto Tech Centre Pkwy, turn left onto Gambrel Rd., turn right onto Vela Drive, turn left onto Alisa Ln, the property is on the left hand side.
- Tax Year: 2024
- Source Property Type: Residential
- Area: 84
- List Development Name: Arlington Tech Centre Addition Block 10 Lot 18
- Property Subtype: townhouse
- Source Neighborhood: Arlington Tech Centre Add
- Parcel Number: 42350547
- Postal City: Arlington
- Postal Code Plus 4: 3809
- Public Survey Section: 1
- Subdivision: Arlington Tech Centre Add
- Property Subtype: Townhouse
Building and Construction
- Total Square Feet Living: 1988
- Year Built: 2022
- Building Area Total: 1988
- Construction Materials: Brick, Stone, WoodSiding
- Foundation Details: Slab
- Levels: Two
- Living Area Source: Appraiser
- New Construction: Yes
- Property Age: 3
- Property Condition: UnderConstruction
- Roof: Composition
- Levels or Stories: 2
- Building Total Stories: 2
- Year Built Source: PublicRecords
- Architectural Style: Traditional
Utilities
- Sewer: PublicSewer
- Water Source: Public
