Property
Beds
6
Full Baths
4
1/2 Baths
None
Year Built
1979
Sq.Footage
3,212
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 invested approximately $140,000 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 showings until under contract.
Features & Amenities
Interior
-
Total Bedrooms
6
-
Bathrooms
4
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s), Central Air
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Construction Materials
Brick, Radiant Barrier
-
Parking
Alley Access, Circular Driveway, Garage Faces Rear, Attached
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Interior Lot, Subdivided
-
Lot Size(acres)
0.267
-
Lot Size(square feet)
11,630
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$825,000
-
Tax Amount
$15,769
-
Sq. Footage
3,212
-
Price/SqFt
$256
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
Merriman Park
-
Middle School
Forest Meadow
-
High School
Lake Highlands
Property Features
-
Foundation Details
Other
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
33
-
Water Source
Public
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Location
County
Dallas
Elementary School
Merriman Park
Middle School
Forest Meadow
High School
Lake Highlands
Listing Courtesy of Al Meyer, RE/MAX DFW Associates
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AGENT
Joe Boston
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