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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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2308 Britton Dr , Dallas, TX 75216
$499,000
Est. Payment: $2,569.07/mo
6 Bed
5 Bath
2617 Sqft
Status: active | Days on site: 58
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Jett Waters , Real Broker, LLC , North Texas Real Estate Information Systems

Property Type

Multi-Family

Lot/Acreage
0.2

Year Built

1925

County

Dallas

Neighborhood

Broadmoor

School District

Dallas ISD

Listing ID

21313341

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:5
  • Full Bathrooms:5
Appliances:Dishwasher, Dryer, Electric Range, Refrigerator, Washer
Air Cond:Central Air,Electric,Multi Units
Fireplaces:
Floor:Laminate
Other:
  • Additional:Decorative Lighting

Exterior Features

Garage Capacity:4
Roof:Composition
Others:
  • Additional:Preowned
Parking Features:Driveway
Principal Interest
$2,569
Taxes
$318

Home Price

$499,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$99,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,569.07

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,569.07 $318.11 $0.00 $2,887.18
Yearly $30,828.82 $3,817.35 $0.00 $34,646.17
Total $924,864.73 $114,520.50 $0.00 $1,039,385.23

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Dallas, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T23:23:04.180Z

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