Overview
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. The entire property benefits from a comprehensive $125,000 renovation in 2023 consisting of new paint, flooring, cosmetics, brand-new mini-splits in Units 1 and 2, and brand-new central HVAC systems in Units 3, 4, and 5. 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.
Mortgage Calculator
Estimate only — contact a lender for actual rates and terms. Property tax estimate based on 2% of purchase price.
- Appliances
- Dryer, Dishwasher, Electric Range, Refrigerator, Washer
- Interior Features
- Decorative Designer Lighting Fixtures
- Flooring
- Laminate
- Heating
- Central, Electric, Zoned
- Cooling
- Central Air, Electric, Multi Units
- Utilities
- Electricity Available, Sewer Available, Water Available
- Roof
- Composition
- Foundation
- Pillar Post Pier
- Pool
- None
- Levels
- Two
- Stories
- 2
Schools
- Elementary
- Miller (Dallas ISD)
- Middle
- Oliver Wendell Holmes (Dallas ISD)
- High
- Roosevelt (Dallas ISD)
Location
Price & Status History
| Date | Event | Price |
|---|---|---|
| 6/27/2026 | Listed for sale Source: NTREIS #21313341 | $499,000 |
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Listed by Jett Waters · Real Broker, LLC
Source: NTREIS · MLS#: 21313341
Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of NTREIS. Real estate listings held by brokerage firms other than Sirka.com are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
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