848 West Mitchell Street - Arlington, TX 76013

Asset Highlights

  • New construction asset, pedestrian to university with 42,000 students that has grown 27% over five years
  • Unit mix strategically designed with a focus on one and two bed units to meet the demands of the market (2.31 bed/unit ratio)
  • Best amenity offering in the marketplace, at rents below the cost to live in on-campus housing
  • Desirable location on university transit line, near campus housing, between athletics and academic core

Market Highlights

  • UT Arlington boasts a total enrollment of 42,496 in 2018 (67% Undergraduate, 33% Graduate)
  • University continues to set records with freshman enrollment increasing 5.9% in 2018
  • Already a top 20 university nationally for international enrollment, UTA has goals to double international students by 2025
  • Fall 2018 freshman class of over 3,500 with a stated goal to increase freshman enrollment to 5,000 by 2020 and 9,000 by 2025

Additional Upside

  • Based on location and desirability, students are requesting double occupancy rooms (increased revenue)
  • Asset leased on virtual and hard hat tours. Once delivered, opportunity to increase premium income for views, more desirable units, etc
  • Rumors abound of the university reinstating D1 football and starting women’s soccer, and beach volleyball, further driving enrollment

The Property

Central location. Luxury lifestyle. Student-friendly. 848 Mitchell, in the heart of University of Texas at Arlington (UTA) country, offers the complete package of floor plans and amenities that cater to the needs of its diverse student body. Built in 2019, 848 Mitchell comprises 298 fully amenitized units in a wide variety of the most sought-after floor plans, including 34 studio units ranging between 360 – 478 square feet; 60 one-bedroom / one-bath units of 547 - 685 square feet; 108 two-bedroom / two-bath units from 852 – 866 square feet; 15 three-bedroom / three-bath units of 1,185 square feet; 71 four-bedroom / four-bath units from 1,548 – 1,624 square feet, and 10 five-bedroom / five bath units spanning 1,615 – 1,630 square feet, all encircling a spectacular courtyard featuring a resort-style pool, cabanas, outdoor kitchen, firepit, and lounge area - the perfect ambience for gathering, socializing, and relaxing after a full day of classes. The generous offering of community amenities seems unending, including a cutting-edge fitness center with free weights, cardio/cross-training machines and a yoga/Pilates/spin studio; a theater/game room with gaming consoles and bar; pet-friendly environs and dog park; 24/7 work lounge with study rooms, coffee bar, printer and workstations; all within a user-friendly network of climate-controlled corridors; plus a parking garage and resident shuttle service to complete the quintessential live/work/play experience. Indoors, students will immediately feel at home in fully furnished floor plans with private bedrooms and baths, carpeted bedrooms with queen-size beds, state-of-the-art kitchens featuring stainless-steel appliances, plank flooring and ceramic backsplashes, spacious living room with 55-inch TV including cable, and spectacular views from private patios. All this within walking distance - or a short university shuttle ride - to any point on UTA’s campus, and mere minutes from the best of Arlington’s vibrant dining, shopping, and entertainment centers, residents of 848 Mitchell will find everything they want and need to enhance the university experience in their adopted hometown of the exhilarating Dallas-Fort Worth Metroplex.

property amenities

Interior Features

  • Variety of Floor Plans
  • High-Speed internet
  • 55-inch Smart TV
  • Cable included
  • Stainless Steel Appliances
  • Plank Flooring
  • White Ceramic Backsplash Tile
  • Large Bedrooms
  • Private Bathrooms & Patios
  • Queen Size Beds

Community Amenities

  • Courtyard
  • Resort-Style Swimming Pool and Cabanas
  • Outdoor Kitchen
  • Fire Pit and Lounge Area
  • Game Room
  • Parking Garage
  • Pet Park
  • Fitness Center
  • 24/7 Work Lounge
  • Resident Shuttle
  • Climate Controlled Corridors
  • Electronic Unit Access
  • Pet Friendly

Market Description

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