Allen, TX (Dallas Metro) Turnkey 2BR Condo Investment Opportunity (Close by Aug 30)

[Ameedah Johnson]

Hi everyone,

I wanted to share an investment opportunity I’m currently working on in Allen, TX (Collin County, part of the DFW metroplex).

Property Snapshot:

• 651 N Watters Rd #7105, Allen, TX 75013

• 2 Bed / 2 Bath / 1,529 SQFT – first-floor unit

• Built 2021, luxury finishes: custom closets, pantry, built-ins, smart features, premium appliances (double oven, motorized window treatments)

• Community amenities: clubhouse, pool, fitness center, secure entry, walking trails

• HOA: $412/mo (covers exterior maintenance + full use of amenities)

• No age restriction on this unit (community qualifies under the 20% exemption rule)

Why It Caught My Investor Clients’ Eye:

• Rent comps: nearby 2BR condos are leasing $2,400–$2,850/month, typically within 7–10 days.

• DFW market fundamentals: Dallas–Fort Worth continues to be a Top 3 metro in the U.S. for job growth (150K+ jobs added past 12 months). Collin County specifically has seen 6%+ YOY home appreciation and remains a magnet for corporate relocations and high-income tenants.

• Strong rental demand: Allen’s average rent across property types is $2,625/month, which is ~42% above the U.S. median.

Acquisition Options (Seller is timeline-driven):

• $355K – 7-day cash close

• $360K – 14-day close

• $369,998 – close by Aug 30

At projected rents of $2,750–$2,850, this pencils to ~8.0–8.5% gross yields with low-maintenance HOA coverage — ideal for investors seeking a turnkey, lock-and-leave asset.

I’d love to connect with investors interested in DFW opportunities, or anyone currently working in Allen/Collin County who can share their rental market experience. If you’d like full details on this deal, DM me and I’ll send over the financials.