Dallas, TX 75231
$99,500List Price
$994 Est. Mo. Payment
For a given home price of $99,500, the monthly mortgage is computed using a 5% down payment ($4,975) and a 7.5% annual interest rate, spread over 360 payments.
1
1
0
514ft2

Ronald Adam

eXp Realty LLC

, TX

Status

Available

Market MatchUP

How this home compares to similar 1 bedroom homes in Dallas
  • Price Comparison
    $119,866 lower
  • Home Size
    285 sq. ft. smaller
  • Built in 1975
    Older than 54% of homes in Dallas
  • Dallas Snapshot
    4771 active listings
    6% have 1 bedrooms
    • Typical 1 bedroom size: 799 sq. ft.
    • Typical 1 bedroom price: $219,365

Description

*TURN-KEY INVESTMENT** Opportunity to acquire 1-3 highly performing, newly updated properties in the growing Midtown Improvement District of Dallas. With current, performing leases in place and capital improvements already completed, this property is an ideal addition to an existing rental portfolio or for someone seeking to establish one. Unit is operating at an 8.5% CAP Rate with low HOA dues and tenants responsible for their own utilities. Properties are located in an ideal location providing access to multiple highways, Dart Rail, shopping, restaurants and major healthcare facilities. The value add opportunity for this unit would be in the substantial investment from the City of Dallas through MID, with numerous planned improvements for the upcoming year that have already been approved and made public. Investments have already been made in two new schools (4 total), Vickery Park branch of the Dallas Public Library, parks, and the SOPAC trail which connects residents to Flag Pole Hill, White Rock Lake and Katy Trail. This benefit has already been realized in property values and rent rates over the last couple of years and with planned updates to the complex, as well, it should only continue to improve. Additional information can be found on the Midtown Improvement Districts website. This property can be purchased independently or as part of a three-unit package, with MLS# 20990566 and one additional unit that will is off market, but is available as part of a package deal.

MLS Listing ID

20990534

Listed By

Ronald Adam
214-641-9635
eXp Realty LLC

Map

High School
Conrad
Elementary School
Jack Lowe Sr
High School District
Dallas ISD
Middle Or Junior School
Sam Tasby
Association Fee
125
Tax Annual Amount
1612
Association Fee Frequency
Monthly
This expanded setting will include additional fields to closer define your loan needs and payment amount.
$
$
%

Estimated Monthly Payment

$994

Loan Amount

$94,525

This calculator is illustrative, but your unique situation will best be served by seeking out a purchase budget pre-approval from a reputable mortgage provider. Start My Mortgage Application can provide you an approval within 48hrs.

Home Facts

Bathroom

Bathrooms Full
1

Kitchen

Appliances

  • Disposal
  • Electric Oven
  • Refrigerator
  • Electric Range

Highlights

Interior Features

  • Cable TV
  • Walk-In Closet(s)
  • Vaulted Ceiling(s)
  • Loft

Roof

  • Shingle

Sewer

  • Public Sewer

Levels

  • Two

Cooling

  • Central Air
  • Electric
Lot Size Acres
0.0002
Parcel Number
00000366789440000

Pool Features

  • None
Property Type
Residential
Stories Total
1

Parking Features

  • On Site
  • Common
  • Permit Required
  • Parking Lot
Property Sub Type
Condominium

Community Features

  • Community Mailbox
  • Gated

Fireplace Features

  • Wood Burning
  • Den
Virtual Tour
Validating link...

Flooring

  • Laminate
Year Built
1975

Foundation Details

  • Slab

Architectural Style

  • Traditional

Construction Materials

  • Stucco

Heating

  • Fireplace(s)
  • Electric
  • Central
Heating

Utilities

  • Water Available
  • Electricity Connected
  • Electricity Available
  • Cable Available
  • Sewer Available