1972 Year Built:

Building or Complex name: Elm Road Apartments Location:

Brick Construction:

Resale Condition:

Dishwasher, Vented Exhaust Fan, Disposal Appliances:

Garage, Decorative Lighting Property Features:

city water, City sewer Utilities:

Central, Electric Heating System:

Central, Electric, Ceiling Fan Cooling System:

Cable Available Telecommunication:

On Slab Basement and Foundation:

Asphalt Roofing:

582 School District:

Haleyj Elementary School:

Nimitz High School:

Bowie Middle School:

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.