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Dallas, TX 75231
  • 6 Beds
  • 4 Baths
  • 4 Garage
$825,000

About this home

Rare Fully Leased Brick Duplex in Lake Highlands! Cash Flow from Day One!

A rare opportunity to acquire a large, single-story brick duplex in one of Lake Highlands' most desirable residential neighborhoods. Fully leased and income-producing, this property offers investors immediate cash flow in the highly regarded Richardson ISD.

Each unit offers approximately 1,606 square feet of living space with three bedrooms, two full baths, a brick fireplace, skylights, and an attached two-car garage.

Ownership has made substantial in major functional improvements over the past several years, significantly reducing near-term capital expenses for the next owner:

New roof with new decking and radiant barrier.
Both HVAC systems replaced, including condensers, heat exchangers, and select ductwork.
Popcorn ceilings removed and retextured throughout.
Carpet removed and replaced with durable laminate flooring.

Unit 7113 has been expanded to include a walk-in closet and an enclosed, climate-controlled sunroom, plus a large detached workshop with electricity and Air Conditioning, a standout feature for tenants and a strong value-add.

Both units are currently leased. Please do not disturb tenants. No Subject To Offers will be considered. No Seller Financing Offers will Be Considered. All offers must be sumitted on the proper Texas Real Estate Commission One to Four Contract along with related addendums and proof of funds.

Overview

Full Baths
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Half Baths
0
Bathrooms
4
Bedrooms
6
Building Area
3212
Levels
One
Living Area
0
Lot Size (Acres)
0.267
Property Subtype
Duplex
Property Type
Residential Income
Status
Active
Year Built
1979

Interior

Appliances
Dishwasher, Electric Oven, Disposal
Cooling
Central Air, Ceiling Fan(s)
Fireplace Features
Masonry
Fireplaces
2
Flooring
Laminate, Tile
Heating
Central
Interior Features
Cable TV

Exterior & Construction

Construction
Brick, Radiant Barrier
Foundation
Other
Lot Features
Interior Lot, Subdivision
Roof
Composition

Parking

Covered Parking
0
Garage Spaces
4

Location & Area

City
Dallas
County
Dallas
School District
Richardson ISD
ZIP Code
75231
State
TX
Subdivision
Kingsley Creek Estates

Financial

Price
825000

Utilities

Sewer
Public Sewer
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Separate Meters, Water Available, Cable Available

Listing Details

Listing Agent
Al Meyer
Listing Office
RE/MAX DFW Associates
MLS #
21395990
Virtual Tour
https://www.propertypanorama.com/instaview/ntreis/21395990

Listing agents

Listing AgentAl MeyerRE/MAX DFW Associates

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