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504 O Connor Rd 5 Unit Apartment Building Offered at $3,671,130 CAD at a 7.30% Cap Rate Irving, TX 75060
EXECUTIVE SUMMARY
This is a rare opportunity to acquire five townhomes with the option to control the entire subdivision as ten more units are in development. These townhomes are within walking distance to the Dart Rail and only 15 minutes to DFW Airport, 18 minutes to Downtown Dallas, and 20 minutes to Love Field. The location also offers easy walkability to Centennial Park and trails in Irving, with new construction breaking ground throughout the surrounding area. A senior center, grocery stores, and daily conveniences are close by. These units feature commercial grade construction on residential homes, which is extremely rare for this product type. The Peace of Mind package includes steel construction with metal studs, a two foot firewall, 100 percent encapsulated closed cell foam between units, no party walls, insulation that improves fire, heat, and sound performance, engineered wood floors, sprinkler systems, electrical junctions on each floor, and quartz countertops, with the ability to customize kitchens and even adjust floor plans. Unfinished units can be completed within 30 days, and future community green space is planned. With a central metroplex location and rapid surrounding development, buyers can get ahead of the growth happening in Irving.
PROPERTY FACTS
| Price | $3,671,130 CAD | Property Type | Multifamily |
| Price Per Unit | $734,226 CAD | Apartment Style | Townhome |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 7.30% | Building Size | 10,700 SF |
| Sale Condition | Redevelopment Project | No. Stories | 3 |
| Gross Rent Multiplier | 13.7 | Year Built | 2025 |
| No. Units | 5 | ||
| Zoning | C11 - Sfr | ||
| Price | $3,671,130 CAD |
| Price Per Unit | $734,226 CAD |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| Sale Condition | Redevelopment Project |
| Gross Rent Multiplier | 13.7 |
| No. Units | 5 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Lot Size | 0.04 AC |
| Building Size | 10,700 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | C11 - Sfr |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+4 | 2 | - | 2,200 |
| 3+3 | 2 | - | 2,100 |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $126,933 CAD | Total Assessment | $126,933 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$126,933 CAD
Improvements Assessment
$0 CAD
Total Assessment
$126,933 CAD
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504 O Connor Rd
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