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307 W 4th St
Irving, TX 75060 Irving

$950,000 USD

Apartments For Sale • 10,968 SF

Property Details

Property Type Apartments
Total Building Size 10,968 SF
Lot Size 0.46 AC
Building Class C
Year Built 1954
Zoning R-MF-2

60 Transit Score

60 Walk Score

                
                    Highlights
                
                                8-unit renovated multifamily asset in Irving’s Heritage District
                            
                                Offered at $950,000, or $118,750 per unit
                            
                                Base pro forma NOI of $56,971, representing a 6.00% pro forma cap rate
                            
                                100% occupied with all 1 bed / 1 bath units
                            
                                Major  CapEx completed: roof, electrical, mini-split AC , water heaters, interiors, kitchens, bathrooms, washer/dryers in 4 units, and gravel driveway
                            
                                Upside through furnished mid-term rentals, compliant short-term rental strategy, and washer/dryer premiums

Amenities

Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
	1 min	9 min	0.5 mi
	9 min	-	3.8 mi
Transit/Subway	Drive	Walk	Distance
Downtown Irving/Heritage Crossing Station (Trinity Railway Express - Dallas Area Rapid Transit (DART))	1 min	9 min	0.4 mi
Airport	Drive	Walk	Distance
Dallas Love Field	19 min	-	8.8 mi
Dallas-Fort Worth International	18 min	-	11.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Surface
Included in Rent:	Yes

Anthony Vitnell 214-960-1565 Vitnell Management

307 W 4th St Irving, TX 75060 Irving