Courtesy of: Diane Carpenter, 24fifteen Realty, diane@2415realty.com
Courtesy of: Diane Carpenter, 24fifteen Realty, diane@2415realty.com
$1,850,000
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20 bed
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12.00 Bath (10 Full , 2 Half)
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Lot: 0.88 Acres
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Other
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$1,850,000
1516 W 7th Street 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.
Courtesy of: Diane Carpenter, 24fifteen Realty, diane@2415realty.com
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