What kind of area is this in Dallas Texas

[Peter Sik]

Hello all, I am out of country investor. Interested in a  duplexes in area code 75248. Want to know more about this area like the class of the area? any big company around? war zone? conveniently located? vacancy? Or any suggestion for a better location at similar price level? Thank you

[David Chapman]

This is my area code and we just bought our home here. It's called Far North Dallas and is well populated with SFH (built out in 70s - 80s) and considered a nice area for families in a good school district (Richardson ISD) with great access to major employment centers. There is a price premium for SFH here. There are some Apartments (probably mostly Class B with some Class C on the fringe) and Condos spread throughout. The apartments up at the NE corner (near Coit and McCallum) has a large number of students for Univ of Texas at Dallas campus Kia to the east of this area. The closer you are to Coit the less desirable for SFH but the less desirable. There are a ton of employers nearby with Plano to the N, Addison/Carrollton to the W, Dallas to the S, and Richardson to the E. All centers of high employment and headquarters to major companies. There are not a lot of rental SFH that I've seen due to the high sale prices driven by families wanting to live in this school district. I would suspect this area has very low vacancy rates.

One thing you need to be aware of is that they are planning to reopen a commuter rail line with access to Plano, Addison and DFW airport in next 3-5 years. Great for commuters to DFW but not so great for families with $0.5m dollar homes along the rail line in this area. So exact location is key and is where I'm seeing the most SFH inventory pop up.

If you have a property to look at send me a PM and maybe I can help or we can work together. I'm just starting out and it could be a good way for me learn the ropes. I know most of the areas North and West of Dallas as well.

David