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Thunderbird Apts 2001 Carl Rd 12 Unit Apartment Building $1,080,000 ($90,000/Unit) 5.85% Cap Rate Irving, TX 75061



Investment Highlights
- Conveniently positioned near major thoroughfares, offering strong connectivity for tenants and future development.
- Fully occupied with long-term tenants, providing consistent cash flow and minimal turnover risk.
- Located in a high-demand Irving submarket known for stable occupancy and continued economic expansion.
- Well-kept structures and simple operating needs help reduce ongoing expenses and management demands.
- Opportunities for rent increases, value-add improvements, or redevelopment make this an excellent future-growth asset.
Executive Summary
Desired location, long-term tenants, partially renovated, lots of room to add values. Great investment opportunity!
Property Facts
| Price | $1,080,000 | Building Class | C |
| Price Per Unit | $90,000 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 6,029 SF |
| Cap Rate | 5.85% | No. Stories | 1 |
| No. Units | 12 | Year Built | 1962 |
| Property Type | Multifamily | Parking Ratio | 2.49/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Belew |
| Apartment Style | Low-Rise | ||
| Zoning | RMF2 | ||
| Price | $1,080,000 |
| Price Per Unit | $90,000 |
| Sale Type | Investment |
| Cap Rate | 5.85% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 6,029 SF |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 2.49/1,000 SF |
| Cross Streets | Belew |
| Zoning | RMF2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Property Taxes
| Parcel Number | 3259150014024HS00 | Improvements Assessment | $279,910 |
| Land Assessment | $5,090 | Total Assessment | $285,000 |
Property Taxes
Parcel Number
3259150014024HS00
Land Assessment
$5,090
Improvements Assessment
$279,910
Total Assessment
$285,000
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Thunderbird Apts | 2001 Carl Rd
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