735 Washington Dr, Arlington, TX 76011 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2020Total Assessed Value $96,574,220County Tarrant

Property Details

The Apartments property 735 Washington Dr, Arlington, TX 76011 is located in Tarrant County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $96,574,220.

The gross building area is 458,819 square feet and the land area is 691,828 square feet for this Apartment Garden (1 - 4 stories) built in 2020.

Legal description: Parkway Central Addition Block 12R Lot 1

$96,574,220

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,448

Avg Rent

Property Image of 735 Washington Dr, Arlington, TX 76011, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area458,819

Land Size691,828

Land Value$2,421,398

Improved Value$94,152,822

Total Assessed Value$96,574,220

Year Built2020

County NameTarrant

Account Number42642581

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

PoolSwimming Pools

Garage TypeDetached Garages,Covered Parking/Carport

Bedrooms15

Bathrooms14

PatioAvailable

Storage RoomAvailable

Access Gates1

Jogging Trail1

Walk-in Closets1

Number of Units346

Sales History

12/13/2024

Arms-length$79,096,300

Buyer

Pecos Housing Finance Corporation

Seller

Jefferson North Collins Jv Llc

Book Number

Recording Date

12/13/2024

Transaction Details

Pecos Housing Finance Corporation acquired the property from Jefferson North Collins Jv Llc through a Arms-length transaction on 12/13/2024 for $79,096,300.

Property constructed in 2020

YSale Price (USD) byXSales Year

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Mortgage History

12/2/2024

Arms length residential transactions purchase or resales$63,277,000

Borrower

Pecos Housing Finance Corporation

Lender

Berkadia Commercial Mtg Llc

Book Number

2024.223006

Recording Date

12/2/2024

Transaction Details

Pecos Housing Finance Corporation borrowed the property from Berkadia Commercial Mtg Llc through a Arms length residential transactions purchase or resales transaction on 12/2/2024 for $63,277,000.

12/15/2022

Arms length residential transactions purchase or resales$50,000,000

Borrower

Jefferson Routh Creek Lp

Lender

Texas Capital Bank

Book Number

2022.293362

Recording Date

12/15/2022

Transaction Details

Jefferson Routh Creek Lp borrowed the property from Texas Capital Bank through a Arms length residential transactions purchase or resales transaction on 12/15/2022 for $50,000,000.

Property constructed in 2020

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$2,421,398	$90,302,232	$92,723,630	$92,723,630	Pecos Housing Financ...	2101 Cedar Springs R...	Parkway Central Addi...	Aptnorthar	31790	691,828	458,819
2025	$2,421,398	$94,152,822	$96,574,220	$96,574,220	Pecos Housing Financ...	2101 Cedar Springs R...	Parkway Central Addi...	APT-North	Apt-North Arlington	691,828	458,819
2024	$2,421,398	$77,178,602	$79,600,000	$79,600,000	Jefferson North Coll...	600 E Las Colinas Bl...	Parkway Central Addi...	APT-North	Apt-North Arlington	691,828	458,819
2023	$2,421,398	$72,828,602	$75,250,000	$75,250,000	Jefferson North Coll...	600 E Las Colinas Bl...	Parkway Central Addi...	APT-North Arlington	Apt-North Arlington	691,828	458,819
2022	$1,660,387	$23,824,035	$25,484,422	$25,484,422	Jefferson North Coll...	600 E Las Colinas Bl...	Parkway Central Addi...	APT-North	Apt-North	691,828	458,819
2021	$1,660,387	$18,091,338	$19,751,725	$19,751,725	Jefferson North Coll...	600 E Las Colinas Bl...	Parkway Central Addi...	APT-North	APT-North	691,828	458,819

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
735 Washington Dr, Arlington, TX 76011	42642581	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corporat	Tarrant	-	$ 79,096,300	2024-12-13	$ 172.39	2020	458,819	346
2650 S Forum Dr, Grand Prairie, TX 75052	40975517	Apartments	Apartment Garden (1 - 4 stories)	Cw Forum Llc	Tarrant	6.7	$ 40,358,850	2024-11-19	$ 119.51	2005	337,690	304
2800 Brazos Blvd, Euless, TX 76034	41563670	Apartments	Apartment Garden (1 - 4 stories)	1045 Edge Llc	Tarrant	7.4	$ 101,080,000	2025-08-28	$ 161.82	2012	624,642	417
2525 State Hwy 360, Euless, TX 76039	40034755	Apartments	Apartment Garden (1 - 4 stories)	Gep Xi Harlowe Lp	Tarrant	7.2	$ 113,100,000	2024-12-19	$ 338.87	2000	333,755	486
1225 Ih 20, Grand Prairie, TX 75052	28103730010020000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	8.2	$ 85,600,000	2024-12-20	$ 176.39	2021	485,300	380
800 Lake Carolyn Pkwy, Irving, TX 75039	320044000A0010000	Apartments	Apartment Garden (1 - 4 stories)	Bcm Atlantic Lakeshore Lofts	Dallas	11.9	$ 61,479,250	2024-12-09	$ 176.06	2007	349,199	341
8032 Monterra Blvd, Fort Worth, TX 76177	42559217	Apartments	Apartment Garden (1 - 4 stories)	Wmci Dallas Xviib Llc	Tarrant	14.9	$ 66,476,060	2024-09-11	$ 126.81	2020	524,216	375
9921 W Valley Ranch Pkwy, Irving, TX 75063	320864600A03R0000	Apartments	Apartment Garden (1 - 4 stories)	Criterion International	Dallas	14.7	$ 42,301,980	2025-06-17	$ 156.48	2023	270,329	236
6165 Ridge Center Dr, Dallas, TX 75236	00000816038101100	Apartments	Apartment Garden (1 - 4 stories)	Jefferson Cedar Ridge Llc	Dallas	12.4	$ 63,042,000	2025-11-07	$ 165.19	2022	381,633	360
515 Promenade Pkwy, Irving, TX 75039	322422200A0020000	Apartments	Apartment Garden (1 - 4 stories)	Pecos Housing Finance Corp	Dallas	12.0	$ 117,385,000	2024-12-04	$ 229.25	2020	512,030	433
320 W Pleasant Run Rd, Cedar Hill, TX 75104	16037720000010000	Apartments	Apartment Garden (1 - 4 stories)	Jpt Cedar Hill Investco I Llc	Dallas	14.7	$ 56,867,500	2024-11-26	$ 151.94	2018	374,277	300

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	735 Washington Dr, Arlington, TX 76011	—	-	691,828	2020	458,819	$ 96,574,220	$ 2,421,398	-
Sofi Bank National Association	601 Greystoke Dr, Arlington, TX 76011	07/28/2025	$ 548,250	6,446	1984	3,996	$ 637,602	$ 22,561
Keybank National Association	2717 Lawrence Rd, Arlington, TX 76006	07/10/2025	$ 14,205,000	398,138	1980	152,322	$ 28,900,224	$ 1,393,483	Bmf Iv Tx Woodcreek Llc
Citi Real Estate Funding Inc	812 Brown Blvd, Arlington, TX 76011	06/04/2025	$ 598,400,000	522,197	1983	193,868	$ 35,174,278	$ 1,827,690	Residence At Redgate Llc
Citi Real Estate Funding Inc	2400 Brown Blvd, Arlington, TX 76006	06/04/2025	$ 598,400,000	479,389	1980	164,512	$ 27,356,700	$ 1,677,862	Residence At Avenue 965 Llc
Forte Bank	927 N Oak St, Arlington, TX 76011	05/07/2025	$ 2,500,000	122,142	1984	56,760	$ 10,590,281	$ 427,497	Central Area Properties Llc
Walker & Dunlop Llc	2711 Trinity Bend Cir, Arlington, TX 76006	04/17/2025	$ 15,347,000	348,480	1984	161,179	$ 28,125,362	$ 1,219,680
Riversource Life Insurance Co	1101 Ne Green Oaks Blvd, Arlington, TX 76006	03/27/2025	$ 8,750,000	447,766	1995	212,947	$ 38,814,831	$ 1,567,181
Forte Bank	407 Cora St, Arlington, TX 76011	03/27/2025	$ 4,500,000	81,915	1952	44,416	$ 6,098,761	$ 286,702
Bspdf 2021fl1 Issuer Ltd	723 Brentford Pl, Arlington, TX 76006	03/18/2025	$ 21,000,000	416,434	1983	160,842	$ 28,156,621	$ 1,457,519	La Villa Housing Finance Corporation
Cbre Capital Markets Inc	2408 Brown Blvd, Arlington, TX 76006	03/05/2025	$ 13,467,000	324,696	1995	122,764	$ 21,193,208	$ 1,136,436	Mia Forest Oaks Llc

Mean$ 61,375,846

Median$ 13,836,000.0

Loan Amount Range$ 498,750 - $ 598,400,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

32087443324

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

12/6/2022

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	WC & ASSOCIATES LLC
	Address Line	735 washington dr apt 1311
	City / State / Zip	arlington TX 76011
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48439
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	76011
Registration Details	SOS Code	A

License Timeline

License Issued

12/6/2022

Currently Active

Status: -

Renewal Required

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