1221 N Britain Road, Irving, Texas 75061

$2,448,000
32
BD
List Price
$2,448,000
MLS#
20487663
Status
ACTIVE
Type
Multifamily
Year Built
1963
Construction Status
Preowned
Bedrooms
32
Full Baths
18
Acres
0.80
County
Dallas
City
Irving
Subdivision
North-O-Irving
Building Name
BRITAIN PLACE APARTMENTS

Property Description

Located in Irving, TX a suburb of DFW Metroplex one of the fastest growing metroplexes in the United States. This multifamily property offers 18 units and is at 100% occupancy. There is a good balance between one-bedroom and two-bedroom units. This property has an onsite laundry room. Units have been renovated with flooring, appliances, and countertops and have maintained healthy occupancy since ownership. This is a value-added property for investors to increase rental amounts, and implement online presence and marketing. With multifamily rebound in the DFW metroplex, it is an encouraging sign that tenants will renew and more tenants will be in favor of signing new leases.

Additional Information

Unexempt Taxes
$47,455
HOA
No HOA
Annual Insurance
9000
Total Annual Expenses
Licenses, Maintenance, Maintenance Grounds
Gross Annual Expenses
73046
Gross Annual Income
195028
Lot Size
34,760
Acres
0.80
Subdivided
No
Interior Features
Cable TV Available
Flooring
Vinyl
Foundation
Slab
Roof
Composition, Shingle
Stories
2
Street Utilities
City Sewer, City Water
Heating Cooling
Central
Construction Material
Brick, Wood
Parking Garage
Asphalt, Assigned, Guest, On Site, Parking Lot
Total Num Parking
22
School District
Irving Isd
Elementary School
Keyes
Middle School
Austin
High School
Irving
Possession
Closing/Funding
Building Sq. Ft.
13234
Number of bldgs.
1
Number of units
18
Tenancy
Over 9 Months
Possession
Closing/Funding
Cap Rate
6.75

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Cristal Gonzalez from Briggs Freeman Sotheby's Int'l. Contact: 214-350-0400