If you are looking for an investment property in Dallas, then look no further. We present to you a charming unit that offers not only a cozy living space but also excellent potential for generating steady rental income. Located within a highly desirable community, this property promises to be a lucrative investment opportunity.
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This unit boasts a spacious living area adorned with a beautiful fireplace, creating a warm and inviting atmosphere. The covered patio provides a perfect spot for relaxation and enjoying the pleasant Dallas weather. The bedroom is also generously sized, ensuring ample space for comfortable living. Furthermore, the abundance of closet space is an added advantage, allowing for convenient storage.
The homeowner’s association (HOA) for this property has undertaken major renovations to enhance the building exteriors and common areas. This ongoing process ensures that the property maintains its appeal and value, making it an attractive option for potential tenants. These renovations not only add to the visual appeal but also contribute to the longevity of the property.
Currently, the unit is tenant-occupied, generating a monthly rental income of $780. This existing lease agreement extends until June 2023, providing a stable income stream for the prospective buyer. Although photos are not available due to tenant occupancy, a virtual tour of a similar unit can be accessed, giving you a glimpse into the property’s potential.
It is important to note that if you are considering financing for the purchase, it is advisable to ensure that your lender is comfortable with the complex being entirely tenant-occupied. The property falls under the category of non-warrantable complexes, which may have specific requirements that lenders need to be aware of. However, a cash sale is preferred, offering a hassle-free transaction for both parties involved.
Investing in real estate is a proven method of building wealth, and Dallas presents a thriving market with excellent opportunities. This investment property for sale not only provides a comfortable living space but also offers the potential for long-term financial growth.
Whether you are a seasoned investor or just starting out, this property in Dallas is worth considering. With its desirable location, ongoing renovations, established tenant, and potential for rental income, it ticks all the boxes for a successful investment opportunity.
Don’t miss out on the chance to secure your financial future with this investment property. Contact us today to arrange a virtual tour or gather more information. Dallas awaits you with its vibrant real estate market, and this property is your gateway to reaping the rewards.
9696 Walnut Street, Dallas, TX 75243