Homes for sale - 7152 Fair Oaks Avenue #1029, Dallas, TX 75231

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Marissa Fontanez

[email protected] +1(214) 789-9187

$99,500

Est. payment - /mo

1 Bed

1 Bath

514 SqFt

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UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 514 sqft

Price per Sqft $193

Subdivision Lakeview Lofts Condos

MLS Listing ID 20990566

Style Traditional

Bedrooms 1

Full Baths 1

HOA Fees $125/mo

HOA Y/N Mandatory

Year Built 1975

Annual Tax Amount $1,723

Lot Size 8 Sqft

Acres 2.0E-4

Property Sub-Type Condominium

Property Description

*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.

Location

State TX

County Dallas

Direction Use GPS Enter complex, first right, right after the mailboxes, first left and follow all the way around to the back. Unit is at the back of the property by the closed security gate.

Rooms

Dining Room 1

Interior

Interior Features Loft, Vaulted Ceiling(s), Walk-In Closet(s)

Heating Central, Electric, Fireplace(s)

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Laminate

Fireplaces Number 1

Fireplaces Type Living Room, Wood Burning

Appliance Disposal, Electric Oven, Electric Range, Refrigerator

Heat Source Central, Electric, Fireplace(s)

Exterior

Utilities Available Cable Available, City Sewer, City Water, Community Mailbox, Electricity Available, Electricity Connected

Roof Type Shingle

Garage No

Building

Story Two

Foundation Slab

Level or Stories Two

Structure Type Stucco

Schools

Elementary Schools Jack Lowe Sr

Middle Schools Sam Tasby

High Schools Conrad

School District Dallas Isd

Others

Ownership RTS Group LLC

Acceptable Financing 1031 Exchange, Cash, Conventional, Fixed, Other

Listing Terms 1031 Exchange, Cash, Conventional, Fixed, Other

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20990566

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Ronald Adam • eXp Realty LLC

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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.

+1(214) 789-9187

[email protected]

6301 Gaston, Dallas, Texas, 75214, United States

7152 Fair Oaks Avenue #1029 Dallas, TX 75231