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Mandalay on the Lake Irving, TX - Multi-Family Pat Tate / Drew Tate (512) 474-8283 |
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| Commercial & Exchange - Basic Features | |||||
| List Price: | $450,000 (min purch) | Units: | 367 | Type: | Multi-Family |
 | 692 Lake Carolyn Pkwy Irving, TX 75039 |
MLS#: | Mandalay | Status: | Recently Closed |
| Equity Investment: | $19,516,332 | Year Built: | 2006 | ||
| Occupancy: | 74% | Cash-on-Cash: | 6.07% (Yr. 1 Approx.) | 5 Yr. Avg. Yield: | 7.53% (Approx.) |
| Feature Details | |||||
| CAP Rate: | 6.16% | ||||
| Additional Information |
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All positions in this particular center are sold, but other opportunities exist! Call for current inventory. Located 8 miles form the DF/W Airport in Las Colinas, a 235 acre master-planned community offering a mix of retail, office and residential development. Built in 2006, the property is a 367 unit Class-A luxury multi-housing complex featuring spacious one and two bedroom plans. Apartment homes feature nine foot ceilings, crown mouldings and several windows with two inch blinds, overlooking Lake Carolyn, a 125 acre man-made lake. Offered as a fractional deed co-ownership opportunity with a minimum investment of $450,000. Qualifies for 1031 Exchange or new money investment. For additional property information Click Here. (Call or email for password first.) Click Here to learn more about Fractional Deed Co-Ownership. (Call or email for password first.) |
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