7152 Fair Oaks Avenue #1029, Dallas, TX 75231
Local realty services provided by:Better Homes and Gardens Real Estate Lindsey Realty
Listed by:ronald adam214-641-9635
Office:exp realty llc.
MLS#:20990566
Source:GDAR
Price summary
- Price:$99,500
- Price per sq. ft.:$193.58
- Monthly HOA dues:$125
About this home
*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# 20990534 and one additional unit that will is off market, but is available as part of a package deal.
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Home facts
- Year built:1975
- Listing ID #:20990566
- Added:54 day(s) ago
- Updated:October 09, 2025 at 11:47 AM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
- Living area:514 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric
- Heating:Central, Electric, Fireplaces
Structure and exterior
- Year built:1975
- Building area:514 sq. ft.
Schools
- High school:Conrad
- Middle school:Sam Tasby
- Elementary school:Jack Lowe Sr
Finances and disclosures
- Price:$99,500
- Price per sq. ft.:$193.58
- Tax amount:$1,723
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated October 9, 2025 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Lindsey Realty.New listings near 7152 Fair Oaks Avenue #1029
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