Properties

Dallas, TX 75229 3148 Royal Lane

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Presented By: Udi Umondak with Paragon United Companies, LLC;
  • MLS# 20588446
  • 04/17/2024
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  • Beds • 6
  • Baths • 4

Home Details

Calling all income property investors! Great investment opportunity for the right investor located in the heart of Dallas. This full duplex is also ideal for a buyer who also wants to live in one unit and rent out the other unit. With over 40k in upgrades, this duplex is sure to impress anyone looking to live in either unit. Any discerning eye will be able to see the significant upgrades throughout both units to help attract premium rents and a highly desirable tenant living experience. Convenience is key. This property is located just minutes away from the Dallas Tollway, major retail, and dining. One unit is rented on a long-term basis with rent at $2500+ monthly and the other unit is furnished and rented on a shorter-term basis with a rent of $3300 monthly. Additionally, the furniture may also be purchased separately in the furnished unit. All offers will be considered. Please submit your offer in a timely manner for full consideration. Contact agent to schedule an appointment.
Presented By: Udi Umondak with Paragon United Companies, LLC;

Interior Features for 3148 Royal Lane

Bedrooms

Total Bedrooms6

Bathrooms

Full Baths4

Other Interior Features

Fireplace FeaturesLiving Room
Unit Count2
Fireplaces Total2
Lock Box TypeNone
FlooringLaminate
Interior FeaturesFlat Screen Wiring, High Speed Internet Available, Smart Home System, Sound System Wiring, Walk-In Closet(s)
Street SuffixLane
Total Units2

General for 3148 Royal Lane

# of Buildings1
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer
Buyer Agent Compensation2.5
Buyer Agent Compensation Type%
Capitalization Rate5.59
CityDallas
Complex Namenone
Construction MaterialsBrick, Frame
CoolingCentral Air
CountyDallas
DirectionsFrom Downtown Dallas: Take the ramp on the right for I-35E North 10.6 mi At Exit 439, head on the ramp right and follow signs for Royal Ln 0.2 mi Turn right onto Royal Ln toward Royal
Elementary SchoolCaillet
Elementary School NameCaillet
Gross Annual Expenses22684.00
HOA TypeNone
HeatingCentral
High SchoolWhite
Insurance Expense3593
LevelsOne
Pool Y/NNo
PossessionClosing/Funding
Property SubTypeDuplex
Property TypeResidential Income
RoofShingle
School DistrictDallas ISD
Security FeaturesSecurity Lights, Smoke Detector(s)
Standard StatusActive
StatusActive
Street NameRoyal
Subdivision NameWalnut Hills Add 03 Instl
Unexempt Taxes14586
UtilitiesIndividual Gas Meter
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1977
Year Built DetailsPreowned

Exterior for 3148 Royal Lane

Attached Garage Y/NYes
Building Area Total3170.00
FencingBack Yard
Foundation Slab
Lot Size Acres0.2360
Lot Size Area0.2360
Lot Size Square Feet10280.1600
Lot Size UnitsAcres
Number Of Parking Spaces4
Parking FeaturesGarage
Patio And Porch FeaturesCovered

Additional Details

Price History

Schools

Elementary School Caillet Elementary School
Middle School N/A
High School N/A

Connect Realty

Price $850,000
MLS#20588446
List Date 04/17/2024
Property Type Multi-Family
Phone 888.795.6274
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The Woodlands, TX 77380
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