Address
3148 Royal Lane, Dallas, TX
Price
$ 875,000
Property Attributes
- MLS#20588446
- TypeMulti-Family
- CountyDALLAS
- CityDallas
- NeighborhoodWalnut Hills Add 03 Instl
- Zip75229
- StyleDuplex
- Year Built1977
- Taxes$ 14586
- Price$ 875,000
- Bedrooms6
- Full Bathrooms4
- Half Bathrooms0
- Lot Size10,280 SqFt
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Calling all income property investors! Great investment opportunity for the right investor located in the heart of Dallas. This full duplex is also ideal for a buyer who also wants to live in one unit and rent out the other unit. With over 40k in upgrades, this duplex is sure to impress anyone looking to live in either unit. Any discerning eye will be able to see the significant upgrades throughout both units to help attract premium rents and a highly desirable tenant living experience. Convenience is key. This property is located just minutes away from the Dallas Tollway, major retail, and dining. One unit is rented on a long-term basis with rent at $2500+ monthly and the other unit is furnished and rented on a shorter-term basis with a rent of $3300 monthly. Additionally, the furniture may also be purchased separately in the furnished unit. All offers will be considered. Please submit your offer in a timely manner for full consideration. Contact agent to schedule an appointment.
| Elementary School |
|---|
| Caillet Elementary School |
| Price History | |
|---|---|
| 4/17/2024 | Listed $875,000 |
General Features
| Heating | Central |
|---|---|
| Complex Name | none |
| Cooling | Central Air |
| Utilities | Individual Gas Meter |
| Possession | Closing/Funding |
| Roof | Shingle |
| Appliances | Dishwasher,Disposal,Dryer,Electric Oven,Electric Range,Gas Water Heater,Microwave,Refrigerator,Washer |
| School District | Dallas ISD |
| Capitalization Rate | 5.43 |
| Year Built | 1977 |
| Levels | One |
| Unexempt Taxes | 14586 |
| Will Subdivide | No |
| Gross Annual Expenses | 22684.00 |
| Property SubType | Duplex |
| Subdivision Name | Walnut Hills Add 03 Instl |
| Insurance Expense | 3593 |
| County | Dallas |
| Property Type | Residential Income |
| Security Features | Security Lights,Smoke Detector(s) |
| Construction Materials | Brick,Frame |
| Year Built Details | Preowned |
| HOA Type | None |
| # of Buildings | 1 |
| Status | Active |
| Directions | From Downtown Dallas: Take the ramp on the right for I-35E North 10.6 mi At Exit 439,head on the ramp right and follow signs for Royal Ln 0.2 mi Turn right onto Royal Ln toward Royal |
| City | Dallas |
| Buyer Agent Compensation | 2.5 |
| Elementary School Name | Caillet |
| High School | White |
| Street Name | Royal |
| Elementary School | Caillet |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20588446 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Flat Screen Wiring,High Speed Internet Available,Smart Home System,Sound System Wiring,Walk-In Closet(s) |
|---|---|
| Flooring | Laminate |
| Fireplace Features | Living Room |
| Total Units | 2 |
| Unit Count | 2 |
| Fireplaces Total | 2 |
| Full Baths | 4 |
| Lock Box Type | None |
| Street Suffix | Lane |
| Total Bedrooms | 6 |
Exterior Features
| Fencing | Back Yard |
|---|---|
| Parking Features | Garage |
| Foundation | Slab |
| Lot Size Area | 0.2360 |
| Number Of Parking Spaces | 4 |
| Lot Size Units | Acres |
| Building Area Total | 3170.00 |
| Lot Size Square Feet | 10280.1600 |
| Lot Size Acres | 0.2360 |
| Patio And Porch Features | Covered |
| Attached Garage Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 75229
Price
Taxes
Visits
Year Built
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