11416 Summertree Ln, Dallas, TX 75243
- $449,000
- 4
- BD
- 4
- BA
- List Price
- $449,000
- MLS#
- 21390542
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 1982
- Construction Status
- Preowned
- Bedrooms
- 4
- Full Baths
- 4
- Acres
- 0.13
- County
- Dallas
- City
- Dallas
- Subdivision
- Springtree Add
- Building Name
- N/A
Property Description
INVESTMENT OPPORTUNITY – TURNKEY DUPLEX WITH LEASED UNITS. Excellent opportunity to own an income-producing duplex in the Springtree neighborhood zoned to Richardson ISD schools!. This full duplex features two spacious 2 Bedroom, 2 Bath units (2,490 total SF) offering immediate, stable income with SIGNIFICANT built-in upside and an attractive opportunity for an investor seeking an established rental property. 11414 (1,300 SF) is leased for $1,700 per month, while 11416 (1,190 SF) is leased for $1,650 per month notably below the surrounding submarket, where comparable dated units rent for approximately $1,800 per month and renovated units command $2,000-$2,200 per month. This rent gap represents a clear, low-risk path to increased cashflow through gradual lease adjustments or a light value-add renovation program. Recent updates include a new roof in 2026 (~$25K) and new HVAC system for 11414 (~$6K). Convenient access to North Central Expressway, nearby employment centers, shopping, and dining. A rare opportunity to acquire a stabilized, income-producing asset with meaningful upside in one of Dallas's most consistent rental corridors. Contact the listing agent for additional property, lease, and financial details.
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Additional Information
- Unexempt Taxes
- $4,954
- Amenities
- Fireplace
- Lot Size
- 5,662
- Acres
- 0.13
- Interior Features
- Decorative Designer Lighting Fixtures, Vaulted/Cathedral Ceilings
- Flooring
- Carpet, Tile, Vinyl
- Foundation
- Slab
- Roof
- Composition
- Stories
- 1
- Pool Features
- None
- Fireplaces
- 2
- Fireplace Type
- Masonry, Wood Burning
- Garage Spaces
- 4
- Parking Garage
- Alley Access, Garage, Garage Door Opener, Garage Faces Rear
- School District
- Richardson Isd
- Elementary School
- Forest Lane
- Middle School
- Forest Meadow
- High School
- Lake Highlands
- Possession
- SubjectToTenantRights
- Possession
- SubjectToTenantRights
Mortgage Calculator
Listing courtesy of John West from West Residential Realty, LLC. Contact: 469-759-5800
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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