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The Navian at Kirby Residences 2322 Kirby St 2 Unit Apartment Building $1,898,000 ($949,000/Unit) 5.76% Cap Rate Dallas, TX 75204
INVESTMENT HIGHLIGHTS
- Introducing a stunning new construction development showcasing Scandinavian-inspired design, brought to life by the visionary architect duo Far and Da
EXECUTIVE SUMMARY
Exceptional Investment Opportunity: Brand-New Construction of Scandinavian designed duplexes at The Navian at Kirby. Two full duplexes available for purchase designed by renowned architect Far & Dang. Seller open to seller financing.
Discover a prime investment opportunity with this newly constructed , ideally situated in East Village Kirby. These modern duplexes offer investors a unique chance to secure a high-quality asset in a desirable location.
Property Highlights:
New Construction: Quality craftsmanship and contemporary design, offering modern amenities and finishes that attract discerning tenants.
Versatile Layout: Each unit within the duplex features a spacious layout, complete with multiple bedrooms and bathrooms, designed to accommodate a variety of tenant needs.
Attractive Rental Income: With the demand for rental properties on the rise, this duplex provides a lucrative opportunity for steady rental income and long-term appreciation.
Prime Location: Situated in a sought-after neighborhood, the property benefits from proximity to local amenities, schools, and transportation, making it an attractive option for potential renters.
Low Maintenance Investment: As a new construction, the property ensures minimal maintenance costs, providing peace of mind for investors seeking a hassle-free investment.
Potential for Growth: The area is experiencing rapid growth, with increasing property values and rental rates, positioning this duplex as a valuable asset in your investment portfolio.
Each full duplex is perfect for investors looking to capitalize on the thriving rental market with a turnkey property. Don’t miss the chance to invest in a high-demand area with promising returns. Contact us today to learn more about this exceptional opportunity at Kirby!
Discover a prime investment opportunity with this newly constructed , ideally situated in East Village Kirby. These modern duplexes offer investors a unique chance to secure a high-quality asset in a desirable location.
Property Highlights:
New Construction: Quality craftsmanship and contemporary design, offering modern amenities and finishes that attract discerning tenants.
Versatile Layout: Each unit within the duplex features a spacious layout, complete with multiple bedrooms and bathrooms, designed to accommodate a variety of tenant needs.
Attractive Rental Income: With the demand for rental properties on the rise, this duplex provides a lucrative opportunity for steady rental income and long-term appreciation.
Prime Location: Situated in a sought-after neighborhood, the property benefits from proximity to local amenities, schools, and transportation, making it an attractive option for potential renters.
Low Maintenance Investment: As a new construction, the property ensures minimal maintenance costs, providing peace of mind for investors seeking a hassle-free investment.
Potential for Growth: The area is experiencing rapid growth, with increasing property values and rental rates, positioning this duplex as a valuable asset in your investment portfolio.
Each full duplex is perfect for investors looking to capitalize on the thriving rental market with a turnkey property. Don’t miss the chance to invest in a high-demand area with promising returns. Contact us today to learn more about this exceptional opportunity at Kirby!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$180,000
|
$32.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,600
|
$0.65
|
| Effective Gross Income |
$176,400
|
$32.03
|
| Taxes |
$45,000
|
$8.17
|
| Operating Expenses |
$8,000
|
$1.45
|
| Total Expenses |
$53,000
|
$9.62
|
| Net Operating Income |
$123,400
|
$22.40
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $32.68 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,600 |
| Annual Per SF | $0.65 |
| Effective Gross Income | |
|---|---|
| Annual | $176,400 |
| Annual Per SF | $32.03 |
| Taxes | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $8.17 |
| Operating Expenses | |
|---|---|
| Annual | $8,000 |
| Annual Per SF | $1.45 |
| Total Expenses | |
|---|---|
| Annual | $53,000 |
| Annual Per SF | $9.62 |
| Net Operating Income | |
|---|---|
| Annual | $123,400 |
| Annual Per SF | $22.40 |
PROPERTY FACTS
| Price | $1,898,000 | Property Subtype | Apartment |
| Price Per Unit | $949,000 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 5,508 SF |
| Cap Rate | 5.76% | No. Stories | 2 |
| Sale Condition | Bulk/Portfolio Sale | Year Built | 2024 |
| No. Units | 2 | Parking Ratio | 0.73/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | Z164 | ||
| Price | $1,898,000 |
| Price Per Unit | $949,000 |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.19 AC |
| Building Size | 5,508 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | Z164 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3.5 | 2 | - | 2,754 |
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The Navian at Kirby Residences | 2322 Kirby St
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