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John Preston
  • Realtor
  • Dallas, TX
15
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612
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***OFF MARKET UPTOWN/OAK LAWN DUPLEX OPPORTUNITY***

John Preston
  • Realtor
  • Dallas, TX
Posted Jan 8 2019, 06:58

Great off market opportunity to purchase a full duplex in sought after Uptown/Oak Lawn area, with huge upside for appreciation. This area will only appreciate with time with tons of new construction going on everywhere. Each side of the duplex is approximately 1,280 sqft, 2 beds, 1 and 1/2 baths. That will rent for an average of 1,800/month. You have a couple options with this property which you could tear down and build townhomes or keep it as is and let it to continue to appreciate while it produces income. New townhomes in the area are starting at $575,000 and with this size lot you should be able to at least fit 2 if not more. If you choose to kept it as a duplex and rehab it, you would be purchasing for less than the cheapest sold over the last year.

*All in Price: $399,900

Rehab Estimate: $50,000 to renovate (25k a side)

**Price includes all standard closing cost. (Excluding lender fess, HOA fees, prorated taxes, insurance, and any other buyer elective expense)

John Preston

M: (903) 576-6360 O: (214) 997-0444

****PLEASE BE ADVISE THESE ARE OLDER PICS, WILL UPDATE WITH NEW PICS ONCE YOU CONTACT ME***

Offering