1516 W 7th Street Irving, TX 75060
20 Beds
12 Baths
0.88 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Multiple Single Units
Listing Status Active
Purchase Type For Sale
Subdivision Irving Park Acres
MLS Listing ID 21231711
Bedrooms 20
Full Baths 10
Half Baths 2
HOA Y/N None
Total Fin. Sqft 10088
Year Built 1972
Annual Tax Amount $37,106
Lot Size 0.884 Acres
Acres 0.884
Property Sub-Type Multiple Single Units
Property Description
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.
Location
State TX
County Dallas
Direction GPS
Interior
Interior Features Built-in Features, Cable TV Available, Decorative Lighting
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Other
Appliance Dishwasher, Disposal, Vented Exhaust Fan
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water
Roof Type Asphalt
Garage No
Building
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Haleyj
Middle Schools Bowie
High Schools Nimitz
School District Irving Isd
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21231711
