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.
97 days
|
46
|
1
|
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Diane Carpenter0789408972-942-0222,
24fifteen Realty972-942-0222
Source: NTREIS,MLS#: 21231711
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 20
Bathrooms: 12
Full bathrooms: 10
1/2 bathrooms: 2
Heating
Central, Electric
Cooling
Central Air, Ceiling Fan(s), Electric
Appliances
Included: Dishwasher, Disposal, Vented Exhaust Fan
Features
Built-in Features, Decorative/Designer Lighting Fixtures, Cable TV
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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