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301 Rolston RdIrving, TX 75060

32-Unit Townhome Complex, Newly Renovated

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 32-unit multifamily investment property, located in Irving, Texas, presents a compelling opportunity. The property comprises eight two-story buildings, each housing four two-bedroom townhomes, totaling 28,000 square feet of rentable space. Recently renovated in 2023, the units boast modern upgrades including vinyl flooring, black appliances, quartz countertops, updated cabinetry, and designer tile in bathrooms and showers. All but three units have been completed. The property features 84 parking spaces and sits on a 0.64-acre lot. Its strategic location offers easy access to major DFW highways (I-30, Loop 12, TX-183, and the George Bush Turnpike), DFW Airport (10-minute drive), and numerous amenities including grocery stores, restaurants, schools, and parks. The property's 91% occupancy rate reflects its strong appeal to renters. A concrete slab remains from a previously demolished building, presenting an opportunity to add a new fourplex or develop an amenity. The property benefits from copper wiring and PEX plumbing, with individual HVAC and water heaters in each unit. This stabilized, cash-flowing asset offers significant potential for increased revenue through the completion of renovations in the remaining three units. The property is zoned MFR. This is a rare opportunity to acquire a well-maintained, high-demand multifamily property in a prime location.

Highlights

  • 32-unit multifamily investment property in Irving, TX, offering a stabilized, cash-flowing asset.
  • Recently renovated (2023) with modern upgrades including vinyl flooring, black appliances, quartz countertops, updated cabinetry, and designer bathroom tile.
  • Eight two-story buildings, each with four two-bedroom townhomes, totaling 28,000 square feet of rentable space; 91% occupancy.
  • 84 parking spaces on a 0.64-acre lot with copper wiring and PEX plumbing; individual HVAC and water heaters in each unit.
  • Prime location near major DFW highways, DFW Airport (10-minute drive), and numerous amenities; MFR zoning.
  • Opportunity to complete renovations on three remaining units to increase revenue; existing concrete slab allows for potential fourplex addition or amenity development.

Property Details for 301 Rolston Rd

Property type
Apartment buildings
Square Feet
875 SF
Year Built/Renovated
1971/2023
Buildings
8
Stories
2
Lot Size (sq. ft)
27,878 SF
Units
32

Location Insight

City
Irving
County
Dallas
State
Texas
Latitude
32.8115331
Longitude
-96.9738064
301 Rolston Rd, Irving, Texas

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301 Rolston Rd
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