Address
1221 N Britain Road, Irving, TX
Price
$ 2,448,000
Property Attributes
  • MLS#20487663
  • TypeMulti-Family
  • CountyDALLAS
  • CityIrving
  • NeighborhoodNorth-O-Irving
  • Zip75061
  • StyleApartment
  • Year Built1963
  • Taxes$ 47455
  • Price$ 2,448,000
  • Bedrooms32
  • Full Bathrooms18
  • Half Bathrooms0
  • Lot Size0.798 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

Located in Irving, TX a suburb of DFW Metroplex one of the fastest growing metroplexes in the United States. This multifamily property offers 18 units and is at 100% occupancy. There is a good balance between one-bedroom and two-bedroom units. This property has an onsite laundry room. Units have been renovated with flooring, appliances, and countertops and have maintained healthy occupancy since ownership. This is a value-added property for investors to increase rental amounts, and implement online presence and marketing. With multifamily rebound in the DFW metroplex, it is an encouraging sign that tenants will renew and more tenants will be in favor of signing new leases.

Elementary School
Keyes Elementary School
Price History
12/4/2023 Listed $2,448,000

General Features

Heating Central
Complex Name BRITAIN PLACE APARTMENTS
Cooling Central Air
Utilities City Sewer,City Water
Possession Closing/Funding
Roof Composition,Shingle
Appliances Electric Cooktop,Electric Oven,Electric Range,Refrigerator
School District Irving ISD
Capitalization Rate 6.75
Year Built 1963
Tenancy Over 9 Months
Levels Two
Unexempt Taxes 47455
Will Subdivide No
Gross Annual Expenses 73046.00
Property SubType Apartment
Subdivision Name North-O-Irving
Insurance Expense 9000
County Dallas
Operating Expense Includes Licenses,Maintenance,Maintenance Grounds
Property Type Residential Income
Construction Materials Brick,Wood
Year Built Details Preowned
HOA Type None
# of Buildings 1
Status Active
Directions Use GPS
City Irving
Buyer Agent Compensation 3
Elementary School Name Keyes
High School Irving
Street Name Britain
Elementary School Keyes
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20487663
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features Cable TV Available
Flooring Vinyl
Total Units 18
Unit Count 2
Full Baths 18
Lock Box Type See Remarks
Street Suffix Road
Total Bedrooms 32

Exterior Features

Parking Features Asphalt,Assigned,Guest,On Site,Parking Lot
Foundation Slab
Lot Size Area 0.7980
Number Of Parking Spaces 22
Lot Size Units Acres
Building Area Total 13234.00
Lot Size Square Feet 34760.8800
Lot Size Acres 0.7980
Patio And Porch Features None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 75061

Price
AVG $1.29M
$2.45M
Taxes
AVG $23,995
$47,455
Visits
AVG 66
127
Data Provided by Inside Real Estate®
Year Built
AVG 1964
1963

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