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2505 Yorkshire St
Irving, TX 75061
2505 & 2509 Yorkshire Street · Flex Property For Sale
PROPERTY FACTS
| Property Type | Flex | No. Stories | 2 |
| Lot Size | 0.43 AC | Year Built | 1965 |
| Rentable Building Area | 7,200 SF | Parking Ratio | 1/1,000 SF |
| Zoning | RES | ||
| Property Type | Flex |
| Lot Size | 0.43 AC |
| Rentable Building Area | 7,200 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1/1,000 SF |
| Zoning | RES |
ABOUT 2505 YORKSHIRE ST , IRVING, TX 75061
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 completely renovated 6 of the 8 units, installed tile in almost all areas; 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. The 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. The owner is selling the property to pull out equity for a larger property.
PROPERTY TAXES
| Parcel Number | 32186500020230000 | Improvements Assessment | $597,550 |
| Land Assessment | $22,450 | Total Assessment | $620,000 |
PROPERTY TAXES
