1516 W 7TH STREET, IRVING, TX 75060

Homes for sale in Irving.

Homes for sale in 75060.


Status of the property has changed, please contact for details

List Price$1,850,000

1516 W 7th Street

Irving, TX 75060

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21231711

20

Bedrooms

10 full, 2 partial

Bathrooms

10,088

Square Feet

10

Number of Units

Multi-Unit Residential

Type

About This Property

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 Features

Location Information

County

Dallas

Subdivision

Irving Park Acres

Interior Features

Interior

Built-in Features, Decorative/Designer Lighting Fixtures, Cable TV

Heating

Central, Electric

Full Baths

10

Cooling

Central Air, Ceiling Fan(s), Electric

1/2 Baths

2

Floors

Other

Has Fireplace

No

Appliances

Dishwasher, Disposal, Vented Exhaust Fan

Number of Fireplaces

0

Total Number of Units

10

Exterior Features

Stories

2

Has Garage

Yes

Construction

Brick

Pool Description

None

Foundation

Slab

Lot Size in Acres

0.884

Roof

Asphalt

Lot Size in Sq. Ft.

38,507

Utilities

Sewer Available, Water Available, Cable Available

Buildings

5

Security System

Smoke Detector(s)

Building Total Area (Sq. Ft.)

10,088

Parking Description

Additional Parking, Garage, Other

Is One Story

No

School

Elementary School District

Irving ISD

Jr. High School

Bowie

Elementary School

Haleyj

High School

Nimitz

Additional Information

Year Built Details

Preowned

Status

Pending

Property Type

RI

Has a Home Owners Association

No

Year Built

1972

Tax Annual Amount

37106.0

Mortgage Calculator

$8,638

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$6,666

Monthly Tax

$1,541

Monthly Insurance

$431

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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