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307 W 4th St 8 Unit Apartment Building $1,050,000 ($131,250/Unit) Irving, TX 75060
INVESTMENT HIGHLIGHTS
- Great location
EXECUTIVE SUMMARY
307 W 4th St is a renovated, plug-and-play 8-unit multifamily in a fast-rising pocket of DFW. Steps from the Irving Heritage Crossing redevelopment (new shops—including Starbucks—and neighborhood amenities), the property is positioned for strong in-place income with meaningful upside through short-term or mid-term rental strategies.
Recent improvements include New Roofs, Electrical system, mini split AV units, water heaters, and gravel driveway. Refreshed interiors with LVP flooring, updated kitchens & baths, and 4/8 units with combined washer dryers. These improvement significantly reduces near-term CapEx requirements and simplifies management.
Operate traditionally for steady cash flow, or boost NOI through short term/mid term rentals capitalizing on strong demand driven by proximity to transit, dining, and DFW employment corridors
Highlights
8 units - 1 Bed 1 Bath
Heavy renovation = turnkey operations & lower CapEx
Steps to Irving Heritage Crossing redevelopment (incl. Starbucks)
Ideal for Short Term/Mid Term rental conversion to increase revenue
Central DFW location near transit, employers, and airport
Recent improvements include New Roofs, Electrical system, mini split AV units, water heaters, and gravel driveway. Refreshed interiors with LVP flooring, updated kitchens & baths, and 4/8 units with combined washer dryers. These improvement significantly reduces near-term CapEx requirements and simplifies management.
Operate traditionally for steady cash flow, or boost NOI through short term/mid term rentals capitalizing on strong demand driven by proximity to transit, dining, and DFW employment corridors
Highlights
8 units - 1 Bed 1 Bath
Heavy renovation = turnkey operations & lower CapEx
Steps to Irving Heritage Crossing redevelopment (incl. Starbucks)
Ideal for Short Term/Mid Term rental conversion to increase revenue
Central DFW location near transit, employers, and airport
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $1,050,000 | Building Class | C |
| Price Per Unit | $131,250 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 10,968 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1954 |
| Apartment Style | Low-Rise | Parking Ratio | 1.37/1,000 SF |
| Zoning | RMF2 | ||
| Price | $1,050,000 |
| Price Per Unit | $131,250 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 10,968 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | RMF2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 32521650510020000 | Improvements Assessment | $1,130,450 |
| Land Assessment | $161,500 | Total Assessment | $1,291,950 |
PROPERTY TAXES
Parcel Number
32521650510020000
Land Assessment
$161,500
Improvements Assessment
$1,130,450
Total Assessment
$1,291,950
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Vitnell Management
307 W 4th St
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