Great opportunity to purchase a rare 6 bed 4 full bath duplex in Irving! The property is listed on the tax rolls as 1412 Elms Rd. The second unit is 1410 Elms rd.
1412 Elms road will be delivered vacant at closing. 1410 Elms will be tenant occupied upon closing. They are currently section 8. Section which is paying $1,525mo right now for them and their lease is going to be up in December.
Market rent in the area is higher than sec.8 rents based on the comps.
Updates:
1412 Elms was completely updated before the current tenant moved in. The entire HVAC system on that side is less than a year old along with the flooring and paint. It may need touch ups in the kitchen and bathrooms to get full market rents.
1410 Elms was updated back in 2018 and will also need touch ups to get to full market rents, but is in fairly good condition now.
Roof was replaced in 2018 along with the HVAC for the 1410 side.
1412 Elms will be delivered vacant at closing.
Do your own due diligence.
Property Type :
Residential Income
Subdivision :
Edgewood
County :
Dallas
Style :
Residential Income
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ByOwner last updated this listing 05/07/2024 @ 05:40
MLS: 438647057
LISTED BY: Mallory Menchaca, Vivo Realty
SOURCE: NTREIS - North Texas Real Estate Information
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
