223 W 5th Street, Irving, Texas 75060

$1,664,000
List Price
$1,664,000
MLS#
20487672
Status
ACTIVE
Type
Multifamily
Year Built
1955
Construction Status
Preowned
Acres
0.33
County
Dallas
City
Irving
Subdivision
Browns 03
Building Name
CHELMONT IRVING LLC

Property Description

Wedged between Dallas and the DFW International Airport, this centrally located complex is in the heart of the DFW. Everything you want is right outside your door, from major sports events to amazing shopping and dining to theme parks to golf courses to museums and theaters. This complex presents as a community and consists of 16 units all around a marvelous pool. Parking is located in the front and rear of the property. This complex presents major potential, as market rents show room for growth. The property could also thrive with a stronger online presence. Don’t miss out on this wonderful investment opportunity!

Additional Information

Unexempt Taxes
$25,517
HOA
No HOA
Amenities
Pool
Gross Annual Expenses
110228
Gross Annual Income
152298
Lot Size
14,505
Acres
0.33
Subdivided
No
Interior Features
Cable TV Available, Eat-in Kitchen
Flooring
Laminate
Foundation
Concrete Perimeter, Pillar/Post/Pier
Roof
Composition
Stories
2
Pool
Yes
Pool Features
Fenced, In Ground
Street Utilities
Cable Available, City Sewer, City Water
Heating Cooling
Wall Furnace
Construction Material
Brick, Wood
Parking Garage
Guest
Total Num Parking
22
School District
Irving Isd
Elementary School
Britain
Middle School
Dezavala
High School
Nimitz
Possession
Closing/Funding
Building Sq. Ft.
10400
Number of bldgs.
1
Number of units
16
Tenancy
Over 9 Months
Possession
Closing/Funding
Cap Rate
6.17

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