UPDATED:
Key Details
Property Type Single Family Home
Sub Type Multiple Single Units
Listing Status Active
Purchase Type For Sale
Subdivision Villages Of Carmel
MLS Listing ID 20926379
Bedrooms 20
Full Baths 14
Half Baths 7
HOA Fees $200/ann
HOA Y/N Mandatory
Total Fin. Sqft 10500
Year Built 2013
Lot Size 0.342 Acres
Acres 0.342
Property Sub-Type Multiple Single Units
Property Description
Exceptional opportunity to acquire a package of 7 residential townhomes at 5501, 5505, 5509, 5513, 5517, 5521, and 5525 Dolores Place—offered as a single portfolio in a high-demand rental corridor just minutes from Lewisville Lake and University of North Texas (UNT). Built in 2013, these well-maintained units are in excellent structural condition with modern layouts, spacious interiors, and open-concept floorplans designed for today's tenants.
Each townhome features a large living area that flows into a stylish kitchen with stainless steel appliances, a generous center island, and ample storage. The primary bedroom is located on the main floor with a full en-suite bath, while two additional bedrooms are upstairs, offering a great layout for roommates or families.
Value-Add Upside: Most units already have new HVAC systems recently installed, and with some light cosmetic updates, there's significant potential for increased rents. Currently, 6 of the 7 units are occupied, creating immediate income with upside as leases turn over.
This is a rare chance to secure a multi-unit portfolio in one of North Texas's most promising submarkets. The Denton area continues to see strong growth, making this a smart play for both immediate cash flow and long-term appreciation.
Location
State TX
County Denton
Direction Input address in GPS and follow directions
Interior
Interior Features Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry
Heating Central, Electric
Cooling Central Air, Electric
Flooring Laminate
Appliance Dishwasher, Electric Oven, Electric Water Heater, Microwave, Refrigerator
Heat Source Central, Electric
Exterior
Garage Spaces 7.0
Utilities Available City Sewer, City Water, Electricity Connected
Roof Type Composition
Garage Yes
Building
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick,Siding
Schools
Elementary Schools Pecancreek
Middle Schools Bettye Myers
High Schools Ryan H S
School District Denton Isd
Others
Ownership Limited Liability Company
Acceptable Financing 1031 Exchange, Cash, Conventional, Not Assumable, Private Financing Available
Listing Terms 1031 Exchange, Cash, Conventional, Not Assumable, Private Financing Available
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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.