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Gorgeous Upscale Complex; spectacular trees, truly unusually pretty pool, rare upscale type of red brick.
When many people see this place, they are truly shocked. It is that pretty; one of the nicest looking condo complexes in all of DFW.
The condo is Intown, in a mixed area; close to million dollar neighborhoods, and expensive neighborhoods in every direction. As in many urban areas, also very close to challenging areas w/eyesores, so if not into properties like this, dont bother.
We have always leased to top of the line tenants, (top professionals & trades people) & many people who live there that can live anywhere. Several moved out of The Village to move in there. Manypeople stay for 5 yrs. We have some for 10-14 years & more.
Gated, covered parking in front of bldg, (important for women & others), fireplaces in some units, classy interior lighting, unusual gorgeous sitting windows in some units, new expensive washer dryers in unit, large long closets, some with new bathrooms and gorgeous light birch cabinets, new porcelain tub, new porcelain wall tile, large storage on terrace.
Not in the boonies. Close to tons of live music, art, shopping, eateries, everything. Close to White Rock Lake recreation area & trails, Lower Greenville, Mid Greenville, Mockingbird Station, West End, Deep Ellum, McKinney Ave.
A few blocks from DART light rail. On bus route, Close to downtown express route. Near downtown and every major employment district which is important.
HOA dues are $189 on smaller units; $243 on largest one bedrooms. Taxes are $49-$69, but state senate just passed law instituting state business tax & drmatically cutting property taxes, so this may go down.
We also have some wonderful condos at Frankford/Tollway across from Oakdale in an extremely expensive neighborhood where homes run $700k-$5 million for the 80's. Dues $135 on those units. Taxes $80-$100 mth.
Great for owner occupy or investors.
We know condos coast to coast, and Dallas is, without question, the most undervalued major condo city in the country. Major market, strong in almost every category with all the fundamentals; jobs, growth, diversity, population of 5.6 million. These units in second rate cities would run to $150k and up (Detroit, Atlanta, Phoenix) and in primary cities on the coasts, not even on the water, $300k and up. These sold for around $95 22 years ago. Only selling for serious health reasons. We did very well here and still do.
To give you an idea, a 500 ft unit in a complex that is a one compared to this being a ten, on a bad street sold by owner for $45k, and several all wood ones on Skillman in another lesser complex sold by owner for $48k. This complex is another planet from those, and are larger units, with MANY thousands in improvements, that look nice. Our units do not look like what you typically see.
Pleasecontact us with any questions. All reasonable offers considered. We have significant experience in Dallas, and elsewhere, and in this complex by ownwer, without brokers, and know what we can get from them from previous by owner sales, but all fair offers considered. We genuinely believe the market is heavily undervalued with next to no downside risk, unlike other cities, and significant upside risk. (as does any investor who knows the markets even in second tier cities, which Dallas isnt) Even if the units only go up $25k, or not at all, tenants can pay down the cash investment or mortgage, and equity is built, while still being able to sell. No other major city offers the investment opportunity Dallas does, with next to no downside risk, and big upside risk, with easy break even pay down of investment while building equity as well. (or income as well)
If a mortgage, they typically require 35% down here due to owner occupy ratios in Tx. Due to absurdly low value, that is equal to 10% in almost all other large cities.
You may wish to read the WSJ article pretty much showing Dallas as the top real estate market in the US for investors, when comparing all the factors. (was featured heavily by Yahoo last week; still on Yahoo; article by James Hagerty) See chart showing sales inventory (Dallas was lowest of major markets, prices, jobs, etc)
Contact us, and we'd be glad to set up an appt or take an offer. Serious inquiries only, please, as we arent in good health, but please do call if interested. These are being sold first come, first serve, but we are fair with people with deposits. Be well.
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