9520 Royal Lane Unit 322, Dallas, Texas 75243

$245,000
4
BD
List Price
$245,000
MLS#
14498183
Status
ACTIVE OPTION CONTRACT
Type
Multifamily
Year Built
1983
Construction Status
Preowned
Bedrooms
4
Full Baths
4
Acres
1.22
County
Dallas
Area
DALLAS NORTHEAST (18)
City
Dallas
Subdivision
Royal Lane Highlands Condos
Building Name
Royal Lane Highlands

Property Description

These are 4 fully tenanted 1 bed, 1 bath condos. 1 is brand new (built in 2020), 2 are fully updated with granite counters, vinyl plank, new appliances, and everything; and one has new paint, new flooring, and glazed counters. All four have good paying tenants at $700-750 per mo. on term leases. Taxes are low, insurance is cheap, HOA is low, and there is room to go up on the rents, so this is a solid investment deal for sure! Please call agent with any questions.

Additional Information

Unexempt Taxes
$1,419
HOA
Mandatory
HOA Fees
$169
HOA Freq
Monthly
HOA Includes
Blanket Insurance, Exterior Maintenance, Front Yard Maintenance, Full Use of Facilities, Maintenance of Common Areas, Management Fees, Reserves, Trash, Water/Sewer
Amenities
Fireplace, Pool
Annual Insurance
1300
Gross Annual Expenses
14951
Gross Annual Income
34800
Lot Size
53,317
Acres
1.22
Subdivided
Yes
Interior Features
Cable TV Available, Other
Flooring
Carpet, Luxury Vinyl Plank
Foundation
Slab
Roof
Composition
Stories
3
Pool
Yes
Pool Features
Other
Fireplaces
1
Fireplace Type
Wood Burning
Street Utilities
City Sewer, City Water
Heating Cooling
Central Air-Elec, Central Heat-Elec
Construction Material
Brick, Common Wall, Siding
Parking Garage
Area Assigned, Assigned Spaces
Total Num Parking
4
School District
Richardson Isd
Elementary School
Skyview
High School
Lake Highlands
Proposed Financing
Cash, Conventional, Owner Carry First
Building Sq. Ft.
454
Number of bldgs.
1
Number of units
4
Occupancy Rate
100
Tenancy
Other
Possession
Closing/Funding, Lease Outstanding
Cap Rate
8.1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Realty.