3148 Royal Lane

Dallas, TX 75229

$875,000
Price
6
Beds
4
Baths
3,170 Sq. Ft.
$276 / Sq. Ft.
3,170
Sq. Ft.
$276
per Sq. Ft.

Description

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...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.
  1. Listed by Udi Umondak • TREC #0512609 • Paragon United Companies, LLC

Property Details for 3148 Royal Lane

Subdivision Name
Walnut Hills Add 03 Instl
Pool
No
Number Of Parking Spaces
4

Location

Listing Courtesy of Paragon United Companies, LLC, Udi Umondak
Add your commute
LISTING UPDATED: 04/22/2024 11:40 AM

Property Details for 3148 Royal Lane

StatusActive
MLS #20588446
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1977
Lot Size0.24 AC / 10,280 SF
CountyDallas County

Location

Listing Courtesy of Paragon United Companies, LLC, Udi Umondak
Add your commute

Building Information for 3148 Royal Lane

Stories1Residences2Year Built1977Building Size-Lot Size0.24 AC / 10,280 SF

Payment Calculator

$5,990 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,775

Property Taxes

$1,215

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3148 Royal Lane

Summary
Location and General Information
  • Block: 23646
  • Complex Name: none
  • Directions: From 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 Ln 1.4 mi Arrive at Royal Ln 3148 Royal Ln, Dallas, TX 75229
  • Elementary School: Caillet
  • Elementary School Name: Caillet
  • High School: White
  • High School Name: White
  • Middle School: Marsh
  • Year Built Details: Preowned
  • School District: Dallas ISD
  • Geocode Confidence: High
  • Latitude: 32.89
  • Longitude: -96.87
  • State: Texas
Parking
  • Parking Features: Garage
  • Attached Garage: Yes
Taxes and HOA Information
  • Tax Legal Description: WALNUT HILLS 3RD INST BLK 23/6461 LT 8
  • Association Type: None
  • Tax Lot: 8
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplace Features: Living Room
  • Fireplaces Total: 2
  • Flooring: Laminate
  • Heating: Central
  • Interior Features: Flat Screen Wiring, High Speed Internet Available, Smart Home System, Sound System Wiring, Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Cooling: Central Air
  • Smart Home Features Appor Pass Y: Yes
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Brick, Frame
  • Fencing: Back Yard
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Shingle
  • Number Of Units Total: 2
  • Patio And Porch Features: Covered
  • Levels: One
Property
Utilities
  • Utilities: Individual Gas Meter
Property and Assessments
  • Financing Proposed: Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security Features: Security Lights, Smoke Detector(s)
  • Property Match: APN
Lot Information
  • Lot Size Acres: 0.236
  • Lot Size Area: 0.236
  • Lot Size Units: Acres
  • Lot Size Square Feet: 10280.16
  • Multi Parcel ID: No
  • Parcel Number: 00000599119000000
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 5.43%
  • Gross Annual Expenses: $22,684
  • Gross Annual Income: $70,200
  • Insurance Expense: $3,593
  • Net Operation Income: $47,516.00
Unit 1
  • Approximate SQFT: 1585.0
  • Average Lease Amount: $2,500.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 2
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 1585.0
  • Average Lease Amount: $3,300.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 2
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1

Property History for 3148 Royal Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3148 Royal Lane

Taxable ValueLand$120,000Additions$515,600Total$635,600
Tax Record2023$14,586 ($1,215 / month)
Home Facts
Baths4Total Finished SqFt3,170 SqFtAbove Grade Finished SqFt3,170 SqFtStories1Lot Size10,285 SqFtStyleDuplexYear Built1977Year Renovated2015ZoningZ69CountyDALLASAPN00000599119000000Fireplace TypeHas Fireplace

Schools near 3148 Royal Lane

This home is within Dallas Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
F P Caillet Elementary School
PublicPK to 5

Thomas C Marsh Middle School
Public6 to 8

W T White High School
Public9 to 12

Tom W Field Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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3148 Royal Lane is a multi-family home for sale in Dallas, TX 75229. This property was listed for sale on April 17, 2024 by Paragon United Companies, LLC, it's currently listed at $875,000. It has been on the market for a total of 15 days and was last sold on January 20, 2023. This listing's school district is Dallas Independent School District. Nearby schools include F P Caillet Elementary School, Thomas C Marsh Middle School and W T White High School. 3148 Royal Lane is a 6-bed, 4-bath, 3,170 sqft multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Paragon United Companies, LLC, Udi Umondak

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 04/22/2024 11:40 AM