DALLAS > LAKEVIEW LOFTS > MLS #: 20990566

MLS: 20990566     $99,500
1 Bedroom with 1 Bath

7152 FAIR OAKS AVENUE #1029
DALLAS TX 75231

MLS:  20990566
Status:  ACTIVE
List Price:  $99,500
Price per SQFT:  $194
Square Footage:  514

1 Bedroom
1 Bath
Year Built:  1975
Zip Code:  75231

 

Listing Remarks

*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.

Address: 7152 FAIR OAKS AVENUE #1029 DALLAS TX 75231

  Listing Agent: RONALD ADAM of EXP REALTY LLC 214-641-9635

SCHEDULE A SHOWING

REQUEST MORE INFORMATION

GET PRE-APPROVED!

Listing Photos

View All Photos

Listing Details

BATHS FULL:	1
BATHS TOTAL:	1. 00
BEDS TOTAL:	1
SUBDIVISION:	Lakeview Lofts Condos
COMPLEX:	The Lofts Condominiums
BUILDING NUMBER:	J
# STORIES TOTAL:	1
STRUCTURAL STYLE:	Condo/Townhome
ARCHITECTURAL STYLE:	Traditional
INTERIOR FEATURES:	Loft, Vaulted Ceiling(s), Walk-In Closet(s)
PARKING FEATURES:	Common, On Site, Parking Lot, Permit Required
FIREPLACES TOTAL:	1
FIREPLACES FEATURES:	Living Room, Wood Burning
ASSOCIATION FEES:	$125
ASSOCIATION FEES FREQUENCY:	Monthly
ASSOCIATION FEE INCLUDES:	Full Use of Facilities, Insurance, Maintenance Grounds, Management Fees
ASSOCIATION TYPE:	Mandatory
LISTING AGENT:	Ronald Adam
LISTING OFFICE:	eXp Realty LLC
LISTING CONTACT:	214-641-9635

Property Location: 7152 FAIR OAKS AVENUE #1029 DALLAS TX 75231

This Listing                Active Listings Nearby

You Might Also Be Interested In...

By Category: Dallas Lofts
SOCO URBAN LOFT
LIVE OAK LOFTS
LAKEVIEW LOFTS
BUZZ
ELM PLACE RESIDENCES