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Irving Apartment Buildings for Sale
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Apartment Buildings For Sale in Irving
Irving, Texas, is a key area in the Dallas–Fort Worth metroplex, important for investors looking at Apartment Buildings for sale. The city's infrastructure, with its extensive transportation options including major highways and the DART system, provides easy access to central urban areas and the Dallas Fort Worth International Airport. The presence of educational institutions like the University of Dallas and North Lake College supports a well-educated pool of tenants. Irving, especially the Las Colinas community, provides a varied setting for apartment buildings, meeting the diverse requirements of investors seeking profitable real estate opportunities. For those new to investing, it’s crucial to understand what is commercial real estate, and how apartment buildings fit into Irving's economic and cultural context.
Apartment Buildings for Sale in Irving gain from the city's strategic position and amenities, leading to high occupancy rates and a steady rental income. The close location to major employers like Citigroup and Verizon Communications, and cultural sites such as the Irving Arts Center, attracts a wide range of tenants. If you're an investor seeking a "like-kind" property for a 1031 exchange, Irving offers suitable properties. Besides apartment buildings, Irving has a range of other property types for investment. Retail spaces in busy shopping areas and shopping centers with diverse tenant mixes are available. Office spaces in Irving serve various businesses, from new ventures to large firms, thanks to the city's significant corporate environment. In conclusion, Irving's real estate market, including apartment buildings and other commercial properties, offers a full range of investment opportunities supported by the city’s strategic location, strong infrastructure, and economic growth.
Learn About Apartment Buildings For Sale in Irving
How many apartment buildings listings are available for sale in Irving, TX?
There are currently 5 apartment buildings listings available for sale in Irving, TX.
What factors should I consider when searching for apartment buildings for sale in Irving, TX?
When considering apartment buildings for sale in Irving, TX, it's crucial to assess the local market and its compatibility with your investment goals. Key factors include:
- The economic landscape of Irving, which is bolstered by the presence of several large corporations and a diverse educational framework, supporting a stable rental market.
- Proximity to key infrastructure like major highways (SH 183, I-635, SH 114, and the President George Bush Turnpike), DART services, and Dallas/Fort Worth International Airport, which can enhance property desirability.
How much does it cost to buy an apartment building in Irving, TX?
The cost to purchase apartment buildings in Irving, TX, varies widely, with 5 listings currently available to suit a range of investment budgets. The average price per square foot for these properties is $281, with an average size of 37,289 SF.
What is the largest apartment building available to buy in Irving, TX?
The largest apartment building for sale in Irving, TX spans 86,600 SF.
Why is Irving an ideal location for apartment buildings for sale?
Irving's strategic position within the Dallas–Fort Worth metroplex, alongside its thriving economy supported by major corporations, comprehensive transportation systems, and a rich educational landscape, makes it a prime location for investing in apartment buildings.
Size Summary For Irving Apartment Buildings
| Apartment Building Size | Square Feet |
|---|---|
| Maximum | 86,600 SF |
| Average | 37,289 SF |
| Minimum | 10,200 SF |
Cap Rate for Irving Apartment Buildings
| Apartment Building Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 4.83% |
| Average | 4.83% |
| Minimum | 4.83% |
Prices for Irving Apartment Buildings
| Apartment Building Price | Price Per SF |
|---|---|
| Maximum | $321 Per SF |
| Average | $281 Per SF |
| Minimum | $243 Per SF |
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