2308 Britton Drive, Dallas, TX 75216
Local realty services provided by:Better Homes and Gardens Real Estate Edwards & Associates
Listed by: jett waters
Office: real broker, llc.
MLS#:21313341
Source:GDAR
Price summary
- Price:$499,000
- Price per sq. ft.:$190.68
About this home
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....
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Home facts
- Year built:1925
- Subdivision & Development:Broadmoor
- Listing ID #:21313341
- Added:102 day(s) ago
- Updated:October 08, 2026 at 12:11 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Full bathrooms:5
- Flooring:Laminate
- Kitchen Description:Dishwasher, Electric Range, Refrigerator
- Living area:2,617 sq. ft.
Heating and cooling
- Cooling:Central Air, Electric, Multi Units
- Heating:Central, Electric, Zoned
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1925
- Building area:2,617 sq. ft.
- Lot area:0.2 Acres
- Foundation Description:Pillar Post Pier
- Levels:2 Story
Schools
- High school:Roosevelt
- Middle school:Oliver Wendell Holmes
- Elementary school:Miller
Finances and disclosures
- Price:$499,000
- Price per sq. ft.:$190.68
Features and amenities
- Appliances:Dishwasher, Dryer, Electric Range, Refrigerator, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:4
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