This Multifamily Property is no longer advertised on LoopNet.com.

2002 Rock Island Rd
Irving, TX 75060
 Rock Island Apartments · Multifamily Property For Sale · 154 Units

Apartment Buildings Texas Irving 2002 Rock Island Rd, Irving, TX 75060

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
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
Zoning Z393

AMENITIES

UNIT AMENITIES

  • Balcony
  • Dishwasher
  • Disposal
  • Fireplace
  • Washer/Dryer Hookup
  • Heating
  • Refrigerator
  • Oven
  • Range

SITE AMENITIES

  • Clubhouse
  • Laundry Facilities
  • Laundry Service

LINKS

PROPERTY TAXES

Parcel Number 322595200A01R0000 Improvements Assessment $17,826,000
Land Assessment $624,000 Total Assessment $18,450,000
 

  • Listing ID: 20887602

  • Date on Market: 9/8/2020

  • Last Updated:

  • Address: 2002 Rock Island Rd, Irving, TX 75060

More public record information on 2002 Rock Island Rd, Irving, TX 75060

The Irving Multifamily Property at 2002 Rock Island Rd, Irving, TX 75060 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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