2002 Rock Island Rd | Irving, TX 75060
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2002 Rock Island Rd
Irving, TX 75060
Rock Island Apartments · Multifamily Property For Sale · 154 Units
Investment Highlights
- Stabilized asset located in dynamic Irving, TX within a short distance to highways, schools, and retail
- Owner does not bill back for water, electricity, or any other services while most other properties in the areas do
- Assumable 12-yr Fannie loan with 10-years remaining with a 360-month amortization period and 4.74% that qualifies for supplemental financing
- Historically strong operating and collections remain post-COVID in a high growth rental market bolstering a 95% average occupancy
- No rent premium currently being collected on units with gated patios, fireplaces, or W/D connections.
- No in-place laundry lease or cable contract allowing ownership to collect 100% of laundry income and implement revenue generating WIFI
PROPERTY FACTS
| No. Units | 154 | Building Size | 130,068 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1973/2017 |
| Building Class | C | Parking Ratio | 2.39/1,000 SF |
| Lot Size | 5.73 AC |
| No. Units | 154 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.73 AC |
| Building Size | 130,068 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2017 |
| Parking Ratio | 2.39/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- Clubhouse
- Laundry Facilities
- Laundry Service
PROPERTY TAXES
| Parcel Number | 322595200A01R0000 | Improvements Assessment | $16,376,000 |
| Land Assessment | $624,000 | Total Assessment | $17,000,000 |
PROPERTY TAXES
Parcel Number
322595200A01R0000
Land Assessment
$624,000
Improvements Assessment
$16,376,000
Total Assessment
$17,000,000
zoning
| Zoning Code | Z393 |
| Z393 |
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