2505 Yorkshire St
Irving, TX 75061

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.

Details

MLS#13993584
Sub-TypeResale
StatusPending - Show
Year1965
Days On Site58

Features

SQ Feet7,200
Units8
Building(s)2

Market Activity 75061

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Area Information

StateTX
CountyDallas
CityIrving
Zip Code75061
AreaIRVING AREA (26)
Listing VS Median (in 75061)
Price:
$850,000
low | high
Med:
$212,400
100% of Average
SqFt:
7,200
low | high
Med:
1,683
100% of Average
$ / SqFt:
$118
low | high
Med:
$129
40.858559203638% of Average
On Site:
58
low | high
Med:
38.500000
100% of Average
Listing Updated: 02/22/2019
MLS Number: 13993584
Listing Provided By:
Logan Waller  of  Waller Group LLC

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.