UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,850 sqft
Price per Sqft $318
Subdivision Taylor & Lowrance
MLS Listing ID 20902856
Bedrooms 3
Full Baths 2
HOA Y/N None
Year Built 1912
Lot Size 8,197 Sqft
Acres 0.1882
Lot Dimensions 50x164
Property Sub-Type Single Family Residence
Property Description
Stunning updated home with income-producing ADU located in the heart of Bishop Arts. This beautifully renovated property offers the perfect blend of style, location, and rental income potential—ideal for investors or owner-occupants seeking supplemental income.
The main home features a bright open floor plan with modern finishes, premium flooring, updated kitchen and bathrooms, and designer touches throughout. Currently operating as a successful short-term rental, the main home generates approximately $60,000 per year.
The detached one-bedroom one-bath ADU includes its own private entrance, full kitchen, and laundry. This unit brings in an additional 23400 per year, making it perfect for long-term tenants, traveling professionals, or extended-stay guests.
Located just steps from top-rated restaurants, coffee shops, art galleries, and vibrant nightlife, this turnkey property offers a combined potential of 81000 in annual rental income.
Key Features:
Updated 3 bed 2 bath main home plus 1 bed 1 bath ADU
Total projected rental income of 81000 annually
5000 seller concession offered
Separate entrance kitchen and laundry for ADU
Prime location in walkable Bishop Arts District
Ideal for investors or house hackers: live in one and rent the other or rent both
This is a rare opportunity to own a high-performing and stylish property in one of
Location
State TX
County Dallas
Direction Please put in the address in maps. ADU can be access from the alleyway, do not distub tenants in either unit. Listing agent has to get approval prior to entry.
Rooms
Dining Room 1
Interior
Interior Features Cable TV Available
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Ceramic Tile, Laminate
Fireplaces Number 1
Fireplaces Type Decorative
Appliance Built-in Gas Range, Dishwasher, Disposal, Dryer, Gas Oven, Microwave, Refrigerator, Vented Exhaust Fan
Heat Source Central
Exterior
Utilities Available City Sewer, City Water, Electricity Connected, Individual Gas Meter, Individual Water Meter
Roof Type Shingle
Garage No
Building
Story One
Foundation Pillar/Post/Pier
Level or Stories One
Structure Type Frame
Schools
Elementary Schools Peeler
Middle Schools Garcia
High Schools Adamson
School District Dallas Isd
Others
Ownership Enrique Castellanos
Acceptable Financing 1031 Exchange, All Inclusive Trust Deed, Assumable
Listing Terms 1031 Exchange, All Inclusive Trust Deed, Assumable
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20902856
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.