Mark Maldonado
Mersal Realty
License number: 0655845
mobile: (972) 658-2877
www.markmaldona­dorealty.com
$1,850,000
1516 7th Street, Irving, Texas 75060, USA
MLS#
21231711
Property type
Residential For Sale, Multi-Family, Multi Family
Land size
0.88 sqft (0.08 m2)
Building Size
10,088 sqft (937.2 m2)
Status
Bedrooms
20
Baths
10
Half baths
2
Sale price per sqm
0 $
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.
Property Details
1972 Year Built:
Building or Complex name: Elm Road Apartments Location:
Brick Construction:
Resale Condition:
Dishwasher, Vented Exhaust Fan, Disposal Appliances:
Garage, Decorative Lighting Property Features:
city water, City sewer Utilities:
Central, Electric Heating System:
Central, Electric, Ceiling Fan Cooling System:
Cable Available Telecommunication:
On Slab Basement and Foundation:
Asphalt Roofing:
School Information
582 School District:
Haleyj Elementary School:
Nimitz High School:
Bowie Middle School:


Listing by: 24fifteen Realty

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