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Irving, TX 75060
  • 20 Beds
  • 12 Baths
$1,850,000

About this home

This multifamily property presents a compelling opportunity for investors seeking value-add potential in the Dallas-Fort Worth market. Serious Portfolio Value Add! this asset offers the ability to increase income through strategic improvements and rental adjustments.

The property features multiple units with functional layouts and a location positioned within a strong rental corridor. Current operations provide a foundation for increased net operating income, with market data supporting higher rental rates in the area.

10 units, 1,2, and 3 bedroom choices. 4 buildings for tenants and an extra building for storage! So much potential in one property in a high renter populated city. This is truly a special income property.

Investors will appreciate the opportunity to enhance cash flow through:

Rental rate optimization based on local comparables
Interior and exterior updates
Operational efficiencies

This opportunity may be suitable for investors looking to expand or diversify a real estate portfolio within a high-demand region.

Additional financials, rent roll, and property details available upon request.

With its prime Irving location, strong tenant appeal, conveniently located between Dallas and Ft. Worth. With a solid 13.5 NOI, and a 4.9% cap rate, this property represents both stability and opportunity for investors.

Overview

Full Baths
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Half Baths
2
Bathrooms
12
Bedrooms
20
Building Area
10088
Levels
Two
Living Area
0
Lot Size (Acres)
0.884
Property Type
Residential Income
Status
Pending
Year Built
1972

Interior

Appliances
Dishwasher, Disposal, Vented Exhaust Fan
Cooling
Central Air, Ceiling Fan(s), Electric
Fireplaces
0
Flooring
Other
Heating
Central, Electric
Interior Features
Built-in Features, Decorative/Designer Lighting Fixtures, Cable TV

Exterior & Construction

Construction
Brick
Foundation
Slab
Roof
Asphalt

Parking

Covered Parking
0
Garage Spaces
0

Location & Area

City
Irving
County
Dallas
School District
Irving ISD
ZIP Code
75060
State
TX
Subdivision
Irving Park Acres

Financial

Price
1850000

Utilities

Sewer
Public Sewer
Utilities
Sewer Available, Water Available, Cable Available

Listing Details

Listing Agent
Diane Carpenter
Listing Office
24fifteen Realty
MLS #
21231711
Virtual Tour
https://www.propertypanorama.com/instaview/ntreis/21231711

Listing agents

Listing AgentDiane Carpenter24fifteen Realty

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