512 South Delaware Street

Irving, TX 75060

$790,000
Price
8
Beds
8
Baths
4,608 Sq. Ft.
$171 / Sq. Ft.
4,608
Sq. Ft.
$171
per Sq. Ft.

Description

Great Cash Flow Opportunity! Rare 8-unit package, multi-family, stabilized asset opportunity! Strong investment with strong cash flow and some value-add potential in a well-established and cozy neighborhood. Great location near Love Field and The University of Dallas. Easy access to IH30 and SH183. Please arrange showings with Listing Agent. Great cash flow, with all units occupied (except 1 being renovated). All units are 1-Bed, 1-Bath, with Washer-Dryers. For additional information and tour, please...

Property Details for 512 South Delaware Street

Subdivision Name
Ferguson & Porter
MLS Area Major
IRVING AREA (26)
School District
Irving ISD
Pool
No
Number Of Parking Spaces
11

Property Details for 512 South Delaware Street

StatusPending
MLS #14463678
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1961
Lot Size0.22 AC / 9,496 SF
CountyDallas County

Listing Agent

Brian Metteer

KNB Real Estate, LLC

brianmet@att.net

P: (214) 205-2387

M: (214) 205-2387

Contact Agent(s)

Location

Listing Courtesy of KNB Real Estate, LLC, Brian Metteer

Building Information for 512 South Delaware Street

Stories-Residences-Year Built1961Building Size-Lot Size0.22 AC / 9,496 SF

Payment Calculator

$2,648 per month

30 year fixed, 2.95% Interest

Principal and Interest

$2,648

Property Taxes

HOA Dues

$0

Property Information for 512 South Delaware Street

Summary
    Location and General Information
  • Block: E
  • Complex Name: Delila Apartments
  • MLS Area Minor: IRVING (6)
  • Directions: From SH-356W: Turn left onto Balleywood Rd. 300 ft, turn right onto E Sixth St. 0.8 mile, turn right onto S. Delaware St. 150 ft, Delilah Apartments are on your right.
  • Elementary School: Britain
  • High School Name: Nimitz
  • Middle School: Bowie
  • Senior Community Yes/No: false
  • Year Built Details: Preowned
    Parking
  • Parking Features: Area Assigned, Uncovered
    Taxes and HOA Information
  • Taxes: $13,238
  • Tax Legal Description: FERGUSON & PORTER BLK E LOT 8 ORIG TOWN IRVIN
  • Association Type: None
Interior and Exterior Features
    Interior Features
  • Fireplaces Total: 0
  • Heating: Other, Window Unit
  • Interior Features: Window Coverings
  • Other Equipment: Range/Oven-Electric, Refrigerator
    Exterior Features
  • Building Area Source: Tax
  • Construction Materials: Brick, Fiber Cement, Siding, Wood
  • Fencing: Wood
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Composition
  • Waterfront: No
Property
    Utilities
  • Utilities: Alley, City Sewer, City Water, Master Gas Meter
    Property and Assessments
  • Accessory Unit: No
  • Energy Saving Features: Gas Water Heater
  • Financing Proposed: Cash, Conventional, FHA, Fixed
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security System: No
    Lot Information
  • Lot Features: Some Trees
  • Lot Number: 8
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Area: 0.218
  • Lot Size Dimensions: 9486
  • Lot Size Units: Acres
  • Multi Parcel ID: No
  • Parcel Number: 32117500050080000
Multi Family
    Multi Family Information
  • Number Of Buildings: 2
  • SQFT Building: 4608
  • Capitalization Rate: 5.32
  • Gross Annual Expenses: $31,200
  • Gross Annual Income: $72,000
  • Insurance Expense: $3,600
  • Net Annual Income: $42,000
  • Tenancy: 6 Months or Less, 9 Months or Less, Over 9 Months, Pets Allowed
  • Total Annual Expenses Include: Electric, Gas, Insurance, Maintenance, Taxes, Water/Sewer/Trash

Property History for 512 S Delaware St

DateEvent & SourcePriceAppreciation
Dec 24, 2020

Pending

NTREIS #14463678

Dec 10, 2020

Active Option Contract

NTREIS #14463678

Dec 10, 2020

Pending

NTREIS #14463678

DateEvent & SourcePrice
12/24/2020

Pending

NTREIS #14463678

12/10/2020

Active Option Contract

NTREIS #14463678

12/10/2020

Pending

NTREIS #14463678

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 512 South Delaware Street

Taxable ValueLand$47,430Additions$472,570Total$520,000
Tax Record2018$8,061 ($672 / month)
Home Facts
Total Finished SqFt4,608 SqFtAbove Grade Finished SqFt4,608 SqFtStories2Lot Size9,487 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningZ325CountyDALLASAPN32117500050080000

Schools near 512 South Delaware Street


SchoolTypeGradesDistanceRating
Britain Elementary SchoolPublicPK-50.4 mi
4
Berean Christian AcademyPrivateK-60.5 mi
NR
Barbara Cardwell Career PreparatorPublic6-120.9 mi
4
St Luke Catholic SchoolPrivatePK-80.9 mi
NR

Britain Elementary School

PK-5, 0.4 mi, Public

4

Berean Christian Academy

K-6, 0.5 mi, Private

NR

Barbara Cardwell Career Preparator

6-12, 0.9 mi, Public

4

St Luke Catholic School

PK-8, 0.9 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KNB Real Estate, LLC, Brian Metteer

The information being provided by North Texas Real Estate Information Systems (NTREIS) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 12/24/2020 08:45 AM