If you’re in the market for investment properties, look no further than Dallas. This vibrant city in Texas offers a plethora of opportunities for real estate investors, and one property that stands out is a charming unit currently available for sale.
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Situated in a highly desirable community, this unit boasts a spacious living area complete with a cozy fireplace, ideal for those chilly winter nights. The living area also opens up to a covered patio, perfect for relaxing or entertaining guests. With plenty of room to spread out, this unit provides a comfortable and inviting space for residents.
One highlight of this investment property is the spacious bedroom, offering a peaceful retreat for tenants. The abundance of closet space ensures that residents will have ample room for their belongings, making this unit even more appealing.
The Homeowners Association (HOA) overseeing this community is currently undertaking major renovations to the building exteriors and common areas. This commitment to improving the property’s overall value demonstrates the dedication of the HOA to maintaining a high standard of living for residents.
It’s important to note that this unit is currently tenant-occupied, with a lease in place until June 2023 at a rate of $780 per month. While this is great news for investors, as it provides immediate rental income, it also means that no photos are available due to tenant privacy. However, a virtual tour of a similar unit can be accessed to give potential buyers an idea of the property’s layout and potential.
Buyers considering financing options should ensure that their lender is comfortable with the fact that the entire complex is tenant-occupied. While this may not be an issue for some lenders, it’s important to clarify this detail to prevent any potential roadblocks during the purchase process.
It’s worth noting that this complex is non-warrantable, meaning it may not meet the criteria for obtaining traditional financing. However, cash buyers will find this property particularly appealing as it eliminates the need for mortgage approval and streamlines the purchasing process.
Investing in this charming unit in Dallas is a fantastic opportunity for savvy investors. With its desirable location, spacious living area, and ongoing renovations, this property has the potential to provide a steady stream of rental income and long-term appreciation.
Dallas continues to attract a diverse range of residents and businesses, making it an ideal location for real estate investment. Its strong economy, favorable tax environment, and growing population contribute to the city’s overall stability and potential for future growth.
Whether you’re a seasoned investor or new to the real estate market, this investment property in Dallas is certainly worth considering. Don’t miss out on this hidden gem – seize the opportunity to own a piece of Dallas real estate today.
9696 Walnut Street, Dallas, TX 75243