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
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Listing courtesy of Coldwell Banker Realty.