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The Navian at Kirby Residences 2322 Kirby St 2 Unit Apartment Building $2,648,090 CAD ($1,324,045 CAD/Unit) 5.76% Cap Rate Dallas, TX 75204

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INVESTMENT HIGHLIGHTS

  • Introducing a stunning new construction development showcasing Scandinavian-inspired design, brought to life by the visionary architect duo Far and Da

EXECUTIVE SUMMARY

Exceptional Investment Opportunity: Brand-New Construction of Scandinavian designed duplexes at The Navian at Kirby. Two full duplexes available for purchase designed by renowned architect Far & Dang. Seller open to seller financing.
Discover a prime investment opportunity with this newly constructed , ideally situated in East Village Kirby. These modern duplexes offer investors a unique chance to secure a high-quality asset in a desirable location.
Property Highlights:
New Construction: Quality craftsmanship and contemporary design, offering modern amenities and finishes that attract discerning tenants.
Versatile Layout: Each unit within the duplex features a spacious layout, complete with multiple bedrooms and bathrooms, designed to accommodate a variety of tenant needs.
Attractive Rental Income: With the demand for rental properties on the rise, this duplex provides a lucrative opportunity for steady rental income and long-term appreciation.
Prime Location: Situated in a sought-after neighborhood, the property benefits from proximity to local amenities, schools, and transportation, making it an attractive option for potential renters.
Low Maintenance Investment: As a new construction, the property ensures minimal maintenance costs, providing peace of mind for investors seeking a hassle-free investment.
Potential for Growth: The area is experiencing rapid growth, with increasing property values and rental rates, positioning this duplex as a valuable asset in your investment portfolio.
Each full duplex is perfect for investors looking to capitalize on the thriving rental market with a turnkey property. Don’t miss the chance to invest in a high-demand area with promising returns. Contact us today to learn more about this exceptional opportunity at Kirby!

FINANCIAL SUMMARY (PRO FORMA - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $251,136 $45.59
Other Income - -
Vacancy Loss $5,023 $0.91
Effective Gross Income $246,113 $44.68
Taxes $62,784 $11.40
Operating Expenses $11,162 $2.03
Total Expenses $73,946 $13.43
Net Operating Income $172,168 $31.26

FINANCIAL SUMMARY (PRO FORMA - 2024)

Gross Rental Income (CAD)
Annual $251,136
Annual Per SF $45.59
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $5,023
Annual Per SF $0.91
Effective Gross Income (CAD)
Annual $246,113
Annual Per SF $44.68
Taxes (CAD)
Annual $62,784
Annual Per SF $11.40
Operating Expenses (CAD)
Annual $11,162
Annual Per SF $2.03
Total Expenses (CAD)
Annual $73,946
Annual Per SF $13.43
Net Operating Income (CAD)
Annual $172,168
Annual Per SF $31.26

PROPERTY FACTS

Price $2,648,090 CAD
Price Per Unit $1,324,045 CAD
Sale Type Investment
Cap Rate 5.76%
Sale Condition Bulk/Portfolio Sale
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Lot Size 0.19 AC
Building Size 5,508 SF
No. Stories 2
Year Built 2024
Parking Ratio 0.73/1,000 SF
Zoning Z164

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+3.5 2 - 2,754
  • Listing ID: 33522623

  • Date on Market: 2024-10-15

  • Last Updated:

  • Address: 2322 Kirby St, Dallas, TX 75204

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