7152 Fair Oaks Ave Apt 1029
Dallas, TX 75231
1 Bed
1 Bath
514 Sq Ft
6 Days on Market
For Sale $99,500
Save
Courtesy of eXp Realty LLC

Listing Agent & Comments

Ronald AdameXp Realty LLC
214-641-9635ronald.adam@exprealty.com License #0789933
*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
Additional home details
Living Area514 Sq.Ft.
Lot Size8.7 Acres
Total Rooms--
Bedrooms1
Bathrooms1
Stories2
Year Built1975
Property TypeCondo
Zoning--
HOA NameLofts Homeowners Association
HOA Fee$125 monthly
HOA IncludesAllFacilities,AssociationManagement,Insurance,MaintenanceGrounds
Tax Year2024
Tax Amount$1,345
Property in Flood Zone--
BasementNo
PoolNo
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

Condo
1 Bed
1 Bath
514 Sq Ft
6 Days on Market

Listing Agent & Comments

Ronald AdameXp Realty LLC
214-641-9635ronald.adam@exprealty.com License #0789933
*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
Additional home details
Living Area514 Sq.Ft.
Lot Size8.7 Acres
Total Rooms--
Bedrooms1
Bathrooms1
Stories2
Year Built1975
Property TypeCondo
Zoning--
HOA NameLofts Homeowners Association
HOA Fee$125 monthly
HOA IncludesAllFacilities,AssociationManagement,Insurance,MaintenanceGrounds
Tax Year2024
Tax Amount$1,345
Property in Flood Zone--
BasementNo
PoolNo
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $99,500
Save
Courtesy of eXp Realty LLC
7152 Fair Oaks Ave Apt 1029
Dallas, TX 75231
1 Bed
1 Bath
514 Sq Ft
6 Days on Market

Listing Agent & Comments

Ronald AdameXp Realty LLC
214-641-9635ronald.adam@exprealty.com License #0789933
*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
Additional home details
Living Area514 Sq.Ft.
Lot Size8.7 Acres
Total Rooms--
Bedrooms1
Bathrooms1
Stories2
Year Built1975
Property TypeCondo
Zoning--
HOA NameLofts Homeowners Association
HOA Fee$125 monthly
HOA IncludesAllFacilities,AssociationManagement,Insurance,MaintenanceGrounds
Tax Year2024
Tax Amount$1,345
Property in Flood Zone--
BasementNo
PoolNo
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
house

For Sale $99,500
Save
Courtesy of eXp Realty LLC