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$2,448,000

Beds
32
Baths
18.0
sq ft
13,234

1221 N Britain Rd, Irving, TX 75061

1221 N Britain Rd

Irving, TX 75061

  • 211 days on market
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.

Details

Property type

Apartment

Lot size

0.798 acres

Price per sq ft

$185

Year built

1963

Annual property taxes

$52,447

Price History

12/04/2023
NTREIS

NTREIS #20487663

Listed
$2,448,000

Schools & Community

Neighborhood: 

Irving Heights

Elementary school: 

Keyes

Middle school: 

Austin

High school: 

Irving

School district: 

Irving ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Readycap Commercial Llc

Loan start date

October 2020

Original loan amount

$1,450,000

Est. remaining balance

Not provided

Interest rate

2.86%

Loan type

Commercial, 2 year

Seller

Britain Place Apartments Vb Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/02/2024 at 6:00 PM

Listing updated: 06/18/2024 at 8:55 AM

Listed by: Cristal Gonzalez, Briggs Freeman Sotheby's Int'l Phone #: (214) 350-0400

MLS: NTREIS #20487663

NTREIS logo

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