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About This Home

This 20-bedroom, 12-bathroom residential multi family at 1516 W 7 Street in Irving, TX is listed for $1,900,000. Built in 1972, on a 0.88 acres lot.

Agent 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.

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.

Key Features

  • Built in 1972
  • 0.88 acre lot
  • 2 stories

Property Details

2 stories
10 full, 2 half
1972

Monthly Cost Estimate

$10,162/mo

20% down · 6.5% · 30 years

Principal$1,374
Interest$8,233
Insurance$554

Estimates only. Actual payments may vary.

Location

1516 W 7 Street

Irving, TX 75060

Irving Park Acres

Features & Amenities

Interior Features

Built-in FeaturesCable Tv AvailableDecorative Lighting

Property Details

Flooring

Other

Construction

Brick

Parking

GarageOther

Heating

CentralElectric (Heating)

Cooling

Ceiling Fan(s)Central AirElectric

Appliances

DishwasherGarbage DisposerWasher

Questions & Answers

This 20-bedroom, 12-bathroom residential multi family at 1516 W 7 Street is listed at $1,900,000. The estimated monthly payment is $8,233 based on 20% down at 6.5% interest.

Key features include: Built in 1972, 0.88 acre lot, 2 stories. Interior Features: Built-in Features, Cable Tv Available, Decorative Lighting.

This property is listed by Diane Carpenter and can be reached at 9729420222 or diane@2415realty.com.

DC

Diane Carpenter

Agent at 24fifteen Realty

(972) 942-0222

Listed by 24fifteen Realty · View on Broker Site

MLS# 21231711· Source: listhub· Updated today

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1516 W 7 Street, Irving, TX 75060

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