1516 W 7TH STREET, IRVING, TX 75060
Homes for sale in Irving.
Homes for sale in 75060.
List Price$1,850,000
1516 W 7th Street
Irving, TX 75060
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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