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2505 Yorkshire Street, Irving
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.
- MLS® #13993584
- Year Built1965
- Sub-TypeApartment / 5-Plex+
- StatusActive Option Contract
- UtilitiesCity Sewer, City Water, Curbs, Sidewalk, Asphalt
- Parking Spaces8
- GaragesRear, Uncovered, Area Assigned, Assigned Spaces
- ConstructionFrame/Brick Trim, Wood, Concrete
- Listing AgentLogan Waller
- Listing OfficeWaller Group LLC
- Address2505 Yorkshire Street
- AreaIRVING AREA (26)
- SubdivisionHighland Park Estates
- Zip Code75061-6714
- Interior FeaturesOther, Window Coverings
- AppliancesDishwasher, Drop-In Range/Oven-Elec, Vent Mechanism
- HeatingCentral Air-Elec, Central Heat-Elec
- # of Stories2
- DistrictIrving ISD
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Listing information last updated on January 22nd, 2019 at 4:46pm CST.