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2420 E Abram St

Arlington, TX
Total Size
343,158 sqft
Year Constructed

About 2420 E Abram St

Regal Commons presents investors with a rare opportunity to acquire a large, recently renovated asset in Arlington, TX, just off the highly traveled State Highway 360. The property is south of the Arlington entertainment district and consists of 444 units sitting on 19.8 acres. Regal Commons has excellent amenities including a swimming pool, newly renovated leasing office with business center, 3 laundry facilities, pet park, sport court/ playground/community area with outdoor kitchen and access gates.
The property recently underwent an extensive $2.3M+ renovation to the exteriors, unit interiors and amenities. While significant work has been completed, the rental rates are still well below the competitors in the immediate area. Upon examining the comparables, average effective rents at Regal Commons are $162 per unit or $0.21 per SF below where the submarket is signing leases today. Huge upside exists by upgrading the remaining units and pushing rental rates to market.

Regal Commons is located in Arlington, TX at the intersection of Highway 360 and Abram St. These thoroughfares average 166,000 and 35,000 vpd, respectively. Regal Commons is across the street from the 50 acre General Motors Arlington Assembly Plant (currently undergoing a $1.3 billion expansion). The property also has convenient access to Interstate 30, the main artery connecting Dallas to Fort Worth. DFW International Airport, which is less than 17 miles to Regal Commons, is the third busiest airport in the world and employs over 60,000 people. In addition, American Airlines parent company AMR Corporation is near Regal Commons and employs 4,300 workers. Arlington is home to some of the largest entertainment districts – all of which are less than 10 miles from the property.

Internet Providers for 2420 E Abram St

Provider Technology Max Download Speed Max Upload Speed
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath Corporation Copper Wireline
25 Mb/s
25 Mb/s

The City: Arlington

On average, listings lease in the $10's per square foot per year. The Arlington region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the DFW Metroplex market, the Arlington submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Median Rate Median Size
Arlington $20
Median Rate Median Size
DFW Metroplex $24

Median Rate over Time in Arlington