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2308 Britton Dr, Dallas, TX 2308 Britton Dr 5 Unit Apartment Building $574,900 ($114,980/Unit) 7.59% Cap Rate Dallas, TX 75216
Executive Summary
Prime 5-unit multifamily in the rapidly improving Cedar Crest corridor – just 10 minutes to Downtown, Bishop Arts, and Trinity Groves.
100% Occupied (4 - 1bed, 1bath; 1 - 2bed, 1bath) ~2,780 total SF
Unit 1 (Long-Term): $1,125.
Unit 2 (Month to Month): $1,150.
Unit 3 (Long-Term): $1,045.
Unit 4 (Month to Month): $1,150.
***Note: Buyer to tour once a contract or a LOI is accepted by seller***
Unit 5 (Long-Term): $1,525.
Owner Pays utilities (one electric meter & one water mater). Listing expenses ($13,749 per year) include: utilities & annual property taxes. Current insurance cost listed separately ($9,138 per year). Contact listing agent for copies of monthly income.
100% Occupied (4 - 1bed, 1bath; 1 - 2bed, 1bath) ~2,780 total SF
Unit 1 (Long-Term): $1,125.
Unit 2 (Month to Month): $1,150.
Unit 3 (Long-Term): $1,045.
Unit 4 (Month to Month): $1,150.
***Note: Buyer to tour once a contract or a LOI is accepted by seller***
Unit 5 (Long-Term): $1,525.
Owner Pays utilities (one electric meter & one water mater). Listing expenses ($13,749 per year) include: utilities & annual property taxes. Current insurance cost listed separately ($9,138 per year). Contact listing agent for copies of monthly income.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $574,900 | Apartment Style | Low-Rise |
| Price Per Unit | $114,980 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 7.59% | Building Size | 2,780 SF |
| Gross Rent Multiplier | 7.5 | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | Multifamily Residential | ||
| Price | $574,900 |
| Price Per Unit | $114,980 |
| Sale Type | Investment |
| Cap Rate | 7.59% |
| Gross Rent Multiplier | 7.5 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,780 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | Multifamily Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Wi-Fi
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $1,525 | 710 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00000311191000000 | Improvements Assessment | $203,720 |
| Land Assessment | $67,500 | Total Assessment | $271,220 |
Property Taxes
Parcel Number
00000311191000000
Land Assessment
$67,500
Improvements Assessment
$203,720
Total Assessment
$271,220
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Contact the Sale Advisor
2308 Britton Dr, Dallas, TX | 2308 Britton Dr