1516 W 7th Street, Irving, TX 75060
sale
$1,900,000
|
Business
Courtesy Of Sprout Realty, Listed By Diane Carpenter
Welcome to Elm Road Apartments, a well-established community in the heart of the Metroplex featuring five one-story buildings with a total of ten rental units and 13,500 combined square feet. Each unit includes its own private yard and dedicated parking with one to three spaces, offering convenience and comfort for tenants. Recent updates include new roofs completed in June 2025 on Units 1 6 along 7th Street, with two additional roof replacements already in the planning phase. Listed with the City of Irving as Elm Road Apartments, the property is maintained under a single tax filing and designed as one cohesive neighborhood. With its prime Irving location, strong tenant appeal, 13.5 NOI, and a 4.9% cap rate, this property represents both stability and opportunity for investors.
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Virtual Tour
Property Features
- Age: Over 50 Years Old
- Amenities: Ceiling Fan
- Architecture Style: Other
- Cooling System: Ceiling Fan(s)
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Brick
- Floor Covering: Other
- Heating System: Electric (Heating)
- Heating System: Central
- Legal Description: IRVING PARK ACRES LT 47 LESS ROW ACS 0.9469 C
- MLSID: 21215883
- Roof Type: Asphalt
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