412 SUMMIT AVE, Arlington, TX 76013

The Dean at 412 Summit Avenue is a two-building, garden-style multifamily community totaling 65 units. The property offers a mix of one-, two-, and three-bedroom floorplans averaging 839 square feet, supported by on-site laundry and 90 parking spaces. Recent capital improvements include full roof replacement in 2021, refreshed exterior branding, and updated interiors featuring shaker cabinetry, stainless-steel appliances, quartz/granite countertops, and wood-look plank flooring. Community amenities include a resort-style courtyard pool, turf sun lawn, outdoor grilling and fire-pit lounge, and outdoor common areas.

The property is immediately adjacent to the University of Texas at Arlington, placing it in a well-established, renter-driven submarket. It also provides convenient access to I-30 and I-20, along with downtown Arlington and major employers, retail, dining, and entertainment destinations.

For buyers or operators seeking a multifamily asset with established in-place operations, The Dean offers a practical unit mix and a recent improvements track record. The current rent positioning is described as below market in the seller’s remarks, with room to continue interior renovations and consider additional in-unit and community upgrades such as washer/dryer hookups, reserved parking, community internet, valet trash, and expanded RUBS.