1516 W Seventh St, Irving, TX 75060

Description

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.