USATXDallasLakeview Lofts Condos7152 Fair Oaks Ave
Living area featuring tile patterned floors, stairs, a textured ceiling, and a fireplace with flush hearth | Image 1
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$99,500

Apt-1181 - 7152 Fair Oaks Ave, Dallas, TX

Condo

For Sale

$--,---,---
110
  • Key Facts
  • Description
  • Map

Key Facts

Type Condominium
Levels Residential
Size 514 sqft
Garage No
Maintenance Fees $125
Taxes $1,612
Days Active 0
Approx. Age 1975
Avg. Price Per Sqft $193
MLS® Number 20990534

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

*TURN-KEY INVESTMENT** Opportunity to acquire 1-3 highly performing, newly updated properties in the growing Midtown Improvement District of Dallas. With current, performing leases in place and capital improvements already completed, this property is an ideal addition to an existing rental portfolio or for someone seeking to establish one. Unit is operating at an 8.5% CAP Rate with low HOA dues and tenants responsible for their own utilities. Properties are located in an ideal location providing access to multiple highways, Dart Rail, shopping, restaurants and major healthcare facilities. The value add opportunity for this unit would be in the substantial investment from the City of Dallas through MID, with numerous planned improvements for the upcoming year that have already been approved and made public. Investments have already been made in two new schools (4 total), Vickery Park branch of the Dallas Public Library, parks, and the SOPAC trail which connects residents to Flag Pole Hill, White Rock Lake and Katy Trail. This benefit has already been realized in property values and rent rates over the last couple of years and with planned updates to the complex, as well, it should only continue to improve. Additional information can be found on the Midtown Improvement Districts website. This property can be purchased independently or as part of a three-unit package, with MLS# 20990566 and one additional unit that will is off market, but is available as part of a package deal.Show Description
MLS® Number20990534
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1975
Stories1
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral, Electric, Fireplaces
A/CCentral Air, Electric
Heating Fuel

Extras

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