2505 Yorkshire Street

    Irving, TX 75061
    • $850,000
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: 13993584
    $850,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Logan Waller of Waller Group Llc.

    Description

    This two building Fourplex is a turn-key property with 6 Unit Renovations, long-term residents, a 100% occupancy making this property a 6.33% CAP with a NOI of $53,830. The Current Owners Purchased in 2011-2012 and have renovated 6 of the 8 units; the other 2 units have long term tenants (5 & 8 years). Rent increased on the renovated units to $900, effective 10-1-2018. The two non-renovated units, rent was raised to $700. Seller is willing to issue a credit at closing to either cover rent or Costs to Renovate the Remaining Units of $12,000. Current Owner never charged for water or laundry which give the new owner a value-add opportunity. Owner is selling the property to pull out equity for a larger property.

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    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hargrove Realty Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Hargrove Realty Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-01-19T23:40:41.873.
    www.hargroverealtygroup.com/homes/90384705

    2505 Yorkshire Street Irving, TX 75061

    • Price: $850,000
    • Status: Active
    • MLS #: 13993584
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1965
    Built
    Neighborhood:
    Highland Park Estates
    County:
    Dallas
    Area:
    Irving
    Elementary School:
    Barton
    Middle School:
    Crockett
    High School:
    Irving
    School District:
    IRVING ISD
    Property Description
    This two building Fourplex is a turn-key property with 6 Unit Renovations, long-term residents, a 100% occupancy making this property a 6.33% CAP with a NOI of $53,830. The Current Owners Purchased in 2011-2012 and have renovated 6 of the 8 units; the other 2 units have long term tenants (5 & 8 years). Rent increased on the renovated units to $900, effective 10-1-2018. The two non-renovated units, rent was raised to $700. Seller is willing to issue a credit at closing to either cover rent or Costs to Renovate the Remaining Units of $12,000. Current Owner never charged for water or laundry which give the new owner a value-add opportunity. Owner is selling the property to pull out equity for a larger property.
    Exterior Features

    Construction ConcreteFrame/Brick TrimWood Foundation Slab Parking Or Garage Area AssignedAssigned SpacesRearUncovered Parking Spaces 8 Pool On Property No Roof Composition

    Interior Features

    Energy Efficiency Ceiling Fans Handicap YN No Heating Central Air-ElecCentral Heat-Elec Interior Features OtherWindow Coverings Kitchen Equipment DishwasherRange/Oven-ElectricVent Mechanism Sq Ft Building 7200

    Property Features

    Building Area Source Tax Buildings 2 Complex Name Not Part Of A Complx Construction Status Preowned Gross Annual Expenses 27770 Gross Annual Income 81600 HOA None Insurance Expense 3120 Municipal Utility District No Net Annual Income 53830 Possession Closing/Funding Property Type Mul-Apartment/5Plex+ Unexempt Taxes 6364 Utilities AsphaltCity SewerCity WaterCurbsSidewalk Will Subdivide No

    Listing information © 2019 North Texas Real Estate Information System.


    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hargrove Realty Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Hargrove Realty Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-01-19T23:40:41.873.
     
    Hargrove Realty Group
    675 N Glenville, Suite 125
    Richardson TX, 75081
    Offered by Logan Waller of Waller Group Llc.