Multifamily Apartment
2001 Carl Road Irving, TX 75061
2001 Carl Road, Irving, TX, 75061
$1,080,000
For Sale
$1,080,000
Multifamily apartment building near a highway and airport, with public remarks citing long-term occupants and easy care.
Property Size3,580 SF
Price / SF$301.68
Days on Market192
Property Features for 2001 Carl Road
General Information
- Standard status
- Active
- Size
- 3,580 SF
- Property subtype
- Multi-Family / Apartment/5Plex+
Building Details
- Year Built
- 1962
Listing agency
EXP REALTY
(214) 235-9416
Listed by
Teresa Tong · License #0600162
(214) 235-9416
Source
Compass
Added: Jan 11 Updated: Jul 22 at 7:13AM Checked: Jul 22 at 7:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY
Investment Insights
Based on property information with market context.
This multifamily apartment building offers residential income property ownership under the apartment-building and multifamily property categories. Public remarks indicate the building is maintained with easy care and has long-term occupants.
The property is identified at 2001 Carl Road in Irving, Texas, and the listing notes convenient proximity to a highway, an airport, and major area companies. Interested parties should confirm current leasing, building details, and any operational specifics directly during due diligence.
The property is identified at 2001 Carl Road in Irving, Texas, and the listing notes convenient proximity to a highway, an airport, and major area companies. Interested parties should confirm current leasing, building details, and any operational specifics directly during due diligence.
Key Highlights
- 12‑unit brick multifamily apartment building built in 1962
- 1‑story layout with slab foundation and composition roof
- Electric heating and electric cooling
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.8k | $30.96 |
| − Vacancy | −$11.9k | −$3.31 |
| EGI | $99.0k | $27.65 |
| − OpEx | −$44.5k | −$12.44 |
| NOI | $54.4k | $15.21 |
3,580 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$777.7K
$680.5K – $907.3K
NOI $54,437 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$918.1K
$803.4K – $1.07M
NOI $64,268 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Thunderbird Apts
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Multifamily apartment building near a highway and airport, with public remarks citing long-term occupants and easy care.
Where is this apartment building located?
The property is located at 2001 Carl Road Irving, TX.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: 12‑unit brick multifamily apartment building built in 1962; 1‑story layout with slab foundation and composition roof; Electric heating and electric cooling
