Investment properties are a popular choice for individuals looking to generate passive income and build their wealth. In a bustling city like Dallas, where the real estate market is thriving, there are numerous investment properties for sale that offer attractive returns. One such property that stands out is a charming unit located within a highly desirable community.
Search Investment Properties For Sale Dallas
write an article about this Investment Properties For Sale DallasThis charming unit features a spacious living area with a fireplace and a covered patio, a spacious bedroom, and lots of closet space— unit is located within a highly desirable community. The HOA has major renovations to building exteriors and common areas in progress. Tenant occupied at a rate of $780 through June 2023. No photos due to tenant occupancy. There is a virtual tour available of a similar unit. If the buyer is using financing, please ensure the lender is OK with the complex being all tenant-occupied. The complex is non-warrantable. Cash sale preferred
Investment properties for sale in Dallas offer a golden opportunity for investors to make a smart financial move. One such property that stands out is a charming unit located within a highly desirable community. With a spacious living area, a fireplace, and a covered patio, this unit offers a comfortable and attractive living space.
The unit also features a generously sized bedroom and ample closet space, providing convenience and storage options for tenants. The property is currently tenant occupied at a rate of $780 per month, with the lease agreement extending through June 2023. This ensures a steady and reliable income stream for potential buyers.
While no photos of the property are available due to tenant occupancy, a virtual tour of a similar unit can be accessed. This allows interested buyers to get a good idea of the property’s layout and condition. However, it is important to note that the complex is non-warrantable, meaning it may not meet the requirements for traditional financing.
Buyers using financing are advised to ensure that their lender is comfortable with the complex being entirely tenant-occupied. This is an important consideration as it may affect the loan approval process. Alternatively, a cash sale is preferred for this investment property.
In addition to the appealing features of the unit itself, the community in which it is located is undergoing major renovations. The homeowners association (HOA) is actively working on improving the building exteriors and common areas. This not only enhances the overall aesthetics but also adds value to the property in the long run.
Investing in rental properties can be a lucrative venture, especially in a thriving city like Dallas. The city’s strong job market, population growth, and diverse economy make it an attractive destination for tenants. With a reliable tenant already in place and the ongoing renovations by the HOA, this investment property presents a compelling opportunity for investors.
Dallas is known for its vibrant real estate market, and properties like this one tend to attract attention from both local and out-of-state investors. The city’s strong rental demand and potential for long-term appreciation make it an ideal location for those looking to build their real estate portfolio.
In conclusion, this investment property for sale in Dallas offers an enticing proposition for investors. With a charming unit, reliable tenant, and ongoing renovations within a highly desirable community, the potential for return on investment is significant. Whether you choose to finance or make a cash purchase, this property has the potential to generate steady income and appreciate in value over time.
This particular investment property in Dallas boasts several impressive features. As you enter, you are greeted by a spacious living area adorned with a cozy fireplace, creating a warm and inviting atmosphere. The unit also includes a covered patio, providing the perfect spot to relax and enjoy the beautiful Dallas weather.
The bedroom in this investment property is generously sized, ensuring ample space for comfortable living. Additionally, the property offers plenty of closet space, allowing for convenient storage of personal belongings. These features make the unit ideal for potential tenants, ensuring high demand and a steady rental income.
The community in which this unit is located is highly desirable, further enhancing its appeal as an investment property. The homeowners association (HOA) is currently undertaking major renovations to the building exteriors and common areas, adding value and improving the overall aesthetic appeal of the complex. These renovations not only enhance the living experience for tenants but also contribute to the long-term appreciation of the property’s value.
It is important to note that this investment property is currently tenant-occupied. The current tenant is paying a rate of $780 per month and has a lease agreement in place until June 2023. This provides the new owner with immediate rental income and eliminates any vacancy concerns. However, due to tenant occupancy, there are no photos available for this particular unit. Nevertheless, a virtual tour of a similar unit is available for interested buyers to get a sense of the property’s layout and style.
For buyers considering financing options, it is advisable to ensure that the lender is comfortable with the complex being fully tenant-occupied. This is because the complex is classified as non-warrantable, meaning it does not meet certain lending criteria. However, for those who have the means, a cash sale is preferred, offering a straightforward and hassle-free transaction.
Investment properties in Dallas, such as this unit, present an excellent opportunity for individuals looking to diversify their investment portfolio and generate passive income. With its charming features, desirable community, and tenant occupancy, this property offers the potential for attractive returns. Whether you are an experienced investor or a first-time buyer, this investment property for sale in Dallas is certainly worth considering.
9696 Walnut Street, Dallas, TX 75243