1516 W 7th ST Irving, TX 75060
20 Beds
12 Baths
10,088 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 10,088 sqft
Price per Sqft $183
Subdivision Irving Park Acres
MLS Listing ID 21231711
Bedrooms 20
Full Baths 10
Half Baths 2
HOA Y/N No
Year Built 1972
Annual Tax Amount $37,106
Lot Size 0.884 Acres
Acres 0.884
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, Decorative/Designer Lighting Fixtures, Cable TV
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Other
Fireplace No
Appliance Dishwasher, Disposal, Vented Exhaust Fan
Exterior
Parking Features Additional Parking, Garage, Other
Pool None
Utilities Available Sewer Available, Water Available, Cable Available
Water Access Desc Public
Roof Type Asphalt
Garage Yes
Private Pool No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Haleyj
Middle Schools Bowie
High Schools Nimitz
School District Irving Isd
Others
Tax ID 32221500000470100
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21231711