7152 Fair Oaks Ave Apt 1029
Dallas, TX 75231
1 Bed1 Bath514 Sq Ft6 Days on Market
For Sale $99,500
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Courtesy of eXp Realty LLC
Listing Agent & Comments
*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# 20990534 and one additional unit that will is off market, but is available as part of a package deal.
MLS# 20990566 • Data provided by NTREIS
Living Area | 514 Sq.Ft. |
---|---|
Lot Size | 8.7 Acres |
Total Rooms | -- |
Bedrooms | 1 |
Bathrooms | 1 |
Stories | 2 |
Year Built | 1975 |
Property Type | Condo |
Zoning | -- |
HOA Name | Lofts Homeowners Association |
HOA Fee | $125 monthly |
HOA Includes | AllFacilities,AssociationManagement,Insurance,MaintenanceGrounds |
Tax Year | 2024 |
Tax Amount | $1,345 |
Property in Flood Zone | -- |
Basement | No |
Pool | No |
Data provided by NTREIS.
More Information On This Home
This home's estimated value
$93,709
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
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HouseCanary, Inc. Brokerage
7152 Fair Oaks Ave., Apt. 1029, Dallas, TX 75231
Condo1 Bed1 Bath514 Sq Ft6 Days on Market
Listing Agent & Comments
*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# 20990534 and one additional unit that will is off market, but is available as part of a package deal.
MLS# 20990566 • Data provided by NTREIS
Living Area | 514 Sq.Ft. |
---|---|
Lot Size | 8.7 Acres |
Total Rooms | -- |
Bedrooms | 1 |
Bathrooms | 1 |
Stories | 2 |
Year Built | 1975 |
Property Type | Condo |
Zoning | -- |
HOA Name | Lofts Homeowners Association |
HOA Fee | $125 monthly |
HOA Includes | AllFacilities,AssociationManagement,Insurance,MaintenanceGrounds |
Tax Year | 2024 |
Tax Amount | $1,345 |
Property in Flood Zone | -- |
Basement | No |
Pool | No |
Data provided by NTREIS.
New
Do you own this home?
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For Sale $99,500
Save
Courtesy of eXp Realty LLC
7152 Fair Oaks Ave Apt 1029
Dallas, TX 75231
1 Bed1 Bath514 Sq Ft6 Days on Market
Listing Agent & Comments
*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# 20990534 and one additional unit that will is off market, but is available as part of a package deal.
MLS# 20990566 • Data provided by NTREIS
Living Area | 514 Sq.Ft. |
---|---|
Lot Size | 8.7 Acres |
Total Rooms | -- |
Bedrooms | 1 |
Bathrooms | 1 |
Stories | 2 |
Year Built | 1975 |
Property Type | Condo |
Zoning | -- |
HOA Name | Lofts Homeowners Association |
HOA Fee | $125 monthly |
HOA Includes | AllFacilities,AssociationManagement,Insurance,MaintenanceGrounds |
Tax Year | 2024 |
Tax Amount | $1,345 |
Property in Flood Zone | -- |
Basement | No |
Pool | No |
Data provided by NTREIS.
More Information On This Home
This home's estimated value
$93,709
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
New
Do you own this home?
Access your homeowner dashboard
For Sale $99,500
Save
Courtesy of eXp Realty LLC