Welcome to Elm Road Apartments, a well-established community in the heart of the Metroplex featuring five one-story buildings with a total of ten rental units and 13,500 combined square feet. Each unit includes its own private yard and dedicated parking with one to three spaces, offering convenience and comfort for… Read More tenants. Recent updates include new roofs completed in June 2025 on Units 1–6 along 7th Street, with two additional roof replacements already in the planning phase. Listed with the City of Irving as Elm Road Apartments, the property is maintained under a single tax filing and designed as one cohesive neighborhood. With its prime Irving location, strong tenant appeal, 13.5 NOI, and a 4.9% cap rate, this property represents both stability and opportunity for investors. Read Less
Courtesy of 24:15 Realty, Diane Carpenter.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Beds
20
Full Baths
10
Partial Baths
2
Lot Size
0.88 Acres
Year Built
1972
MLS Number
21031053
Additional Details
Appliances & Equipment
Dishwasher, Disposal, VentedExhaustFan
Building
Built in 1972, Construction materials: Brick, Levels: Two, 5 buildings, 2, Toal building area: 10088
Cooling
CentralAir, CeilingFans, Electric
Expenses
Insurance: $6,018
Heating
Central, Electric
Income
Gross income: $159,660, Net operating income: $94,015
