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2322 Kirby St - The Navian at Kirby Residences

2 Unit Apartment Building Offered at $2,666,083 CAD at a 5.76% Cap Rate in Dallas, TX 75204

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.
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 $252,842 $45.90
Other Income - -
Vacancy Loss $5,057 $0.92
Effective Gross Income $247,786 $44.99
Taxes $63,211 $11.48
Operating Expenses $11,237 $2.04
Total Expenses $74,448 $13.52
Net Operating Income $173,338 $31.47

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual $252,842
Annual Per SF $45.90
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $5,057
Annual Per SF $0.92
Effective Gross Income (CAD)
Annual $247,786
Annual Per SF $44.99
Taxes (CAD)
Annual $63,211
Annual Per SF $11.48
Operating Expenses (CAD)
Annual $11,237
Annual Per SF $2.04
Total Expenses (CAD)
Annual $74,448
Annual Per SF $13.52
Net Operating Income (CAD)
Annual $173,338
Annual Per SF $31.47

Property Facts

Price $2,666,083 CAD
Price Per Unit $1,333,041 CAD
Sale Type Investment
Cap Rate 5.76%
Sale Conditions Bulk/Portfolio Sale
No. Units 2
Property Type Multifamily
Apartment Style Single Family Home
Lot Size 0.19 AC
Building Size 5,508 SF
No. Stories 2
Year Built 2024
Parking Ratio 0.73/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+3.5 2 - 2,754
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00000194671000000
Land Assessment
$653,624 CAD (2023)
Improvements Assessment
$0 CAD (2023)
Total Assessment
$653,624 CAD (2023)
Annual Taxes
$63,211 CAD ($11.48 CAD/SF)
Tax Year
2024

zoning

Zoning Code Z164
Z164
  • Listing ID: 33522623

  • Date on Market: 2024-10-15

  • Last Updated:

  • Address: 2322 Kirby St, Dallas, TX 75204

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