REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

GP Theriot IV

gp@gptheriot.com +1(214) 789-5888

$ 499,000

Est. payment | -/mo

6 Beds

5 Baths

2,780 SqFt

Save Virtual Tour

$ 499,000

Est. payment | -/mo

Save Virtual Tour

6 Beds

5 Baths

2,780 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 2,780 sqft

Price per Sqft $179

Subdivision Broadmoor

MLS Listing ID 21313341

Bedrooms 6

Full Baths 5

HOA Y/N No

Year Built 1925

Lot Size 8,842 Sqft

Acres 0.203

Property Sub-Type Apartment

Property Description

This exceptional Dallas multifamily investment opportunity at 2308 Britton Avenue is priced to clear the market at a highly attractive $499,000, breaking the critical sub-$100k price-per-door barrier while delivering powerful, immediate cash flow. The unique property configuration features a main fourplex containing four separate 1-bedroom units, alongside a completely detached 2-bedroom, 1-bathroom single-family house situated at the back of the lot. Investor flexibility is maximized as all current leases are strictly month-to-month, and the property is delivered with Unit 1 and Unit 4 completely vacant, allowing a buyer to immediately lease them out at top-of-market rental rates to maximize the building's true yield potential. The current income stream on this asset is remarkably strong, with Unit 2 occupied at $1,200 per month, Unit 3 leased at a steady $1,150 per month, and the detached back house (Unit 5) pulling $1,575 per month. While the property was previously operated as a Airbnb, it has since been transitioned away from short-term rentals, though the underlying infrastructure remains perfectly optimized for a buyer wanting to re-enter that lucrative short-term or mid-term travel nurse housing space. Furthermore, a massive, built-in value-add opportunity exists because the landlord currently covers utility expenses; by simply implementing a Ratio Utility Billing System (RUBS) or passing these metered utility costs back to the month-to-month tenants, an incoming owner can instantly eliminate a major operational expense line item and force the net operating income and cap rate straight upward without spending a single dollar on physical renovations.

Location

State TX

County Dallas

Direction GPS

Interior

Interior Features Decorative/Designer Lighting Fixtures

Heating Central, Electric, Zoned

Cooling Central Air, Electric, Multi Units

Flooring Laminate

Fireplace No

Appliance Dryer, Dishwasher, Electric Range, Refrigerator, Washer

Exterior

Parking Features Driveway

Pool None

Utilities Available Electricity Available, Sewer Available, Water Available

Water Access Desc Public

Roof Type Composition

Total Parking Spaces 4

Private Pool No

Building

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

Elementary Schools Miller

Middle Schools Oliver Wendell Holmes

High Schools Roosevelt

School District Dallas Isd

Others

Tax ID 00000311191000000

Acceptable Financing Assumable, Cash, Conventional, 1031 Exchange

Listing Terms Assumable, Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21313341

Nearby Locations

GET MORE INFORMATION

GP Theriot IV

Real Estate Consultant, US Army Veteran (CPT) | Lic# 0817775

gp@gptheriot.com

+1(214) 789-5888

5605 North McArthur Blvd, Irving, TX, 75038, USA

2308 Britton DR Dallas, TX 75216

GP Theriot IV

Key Details

Location

Interior

Exterior

Building

Schools

Others

2308 Britton DR