Courtesy of: John West, West Residential Realty, LLC, jwest@westrr.com
Courtesy of: John West, West Residential Realty, LLC, jwest@westrr.com
$449,000
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4 bed
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4.00 Bath (4 Full)
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Lot: 0.13 Acres
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Duplex
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$449,000
11416 Summertree Lane 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.
Courtesy of: John West, West Residential Realty, LLC, jwest@westrr.com
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