8750 Park Lane, Unit 147

Dallas, TX 75231

$169,000
Price
2
Beds
2
Baths
1
1/2 Bath
992 Sq. Ft.
$170 / Sq. Ft.
992
Sq. Ft.
$170
per Sq. Ft.

Description

Investor Opportunity: This beautifully remodeled condo offers an excellent investment with immediate returns. Featuring engineered hardwood floors and a modern kitchen with top-tier appliances and stylish cabinetry, it appeals strongly to tenants. The bathrooms are updated with granite countertops, and the full bathroom includes a sleek stand-up shower. Uniquely, the primary bathroom comes with a stacked washer and dryer, adding practicality. This condo is not just visually appealing but also a reliable...Investor Opportunity: This beautifully remodeled condo offers an excellent investment with immediate returns. Featuring engineered hardwood floors and a modern kitchen with top-tier appliances and stylish cabinetry, it appeals strongly to tenants. The bathrooms are updated with granite countertops, and the full bathroom includes a sleek stand-up shower. Uniquely, the primary bathroom comes with a stacked washer and dryer, adding practicality. This condo is not just visually appealing but also a reliable income generator, currently leased at $1,650 per month until September 2024. This ensures immediate, stable income for the new owner. Perfect for investors seeking a mix of cash flow and long-term value, this condo is a smart, low-risk addition to any investment portfolio, offering both financial gains and continuous tenant interest. Only available for showing with fully executed contract.
  1. Listed by Troy Smith • TREC #0546456 • Smartpointe Real Estate, Inc • 214-227-8535

Property Details for 8750 Park Lane, Unit 147

Subdivision Name
Hill On Park Lane Condo
HOA Management Company
Goodwin and Company
Pool
Yes
Number Of Parking Spaces
1

Location

Listing Courtesy of Smartpointe Real Estate, Inc, Troy Smith
Add your commute
LISTING UPDATED: 03/16/2024 09:10 PM

Property Details for 8750 Park Lane, Unit 147

StatusActive
MLS #20562692
Days on Market43
Taxes-
HOA Fees$405 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1982
Lot Size2.13 AC / 92,608 SF
CountyDallas County

Location

Listing Courtesy of Smartpointe Real Estate, Inc, Troy Smith
Add your commute

Building Information for 8750 Park Lane, Unit 147

Stories2Residences1Year Built1982Building Size-Lot Size2.13 AC / 92,608 SF

Payment Calculator

$1,327 per month

30 year fixed, 7.25% Interest

Principal and Interest

$922

Property Taxes

—

HOA Dues

$405

The Payment Calculator is for illustrative purposes only.

Property Information for 8750 Park Lane, Unit 147

Summary
Location and General Information
  • Block: 18521
  • Complex Name: Hill On Park Lane Condo
  • Directions: Take 75 North, exit 5B to park lane, right on park lane, destination will be on your right.
  • Elementary School: Hotchkiss
  • Elementary School Name: Hotchkiss
  • High School: Conrad
  • High School Name: Conrad
  • Middle School: Tasby
  • Year Built Details: Preowned
  • School District: Dallas ISD
  • Geocode Confidence: High
  • Latitude: 32.87
  • Longitude: -96.75
  • State: Texas
Parking
  • Parking Features: Covered
  • Carport Spaces: 1
  • Attached Garage: No
  • Parking Spaces Covered Total: 1
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: THE HILL ON PARK LANE CONDO BLK 18/5217 LOT 3
  • Association Fee Includes: Maintenance Grounds
  • Association Type: Mandatory
  • HOA Management Company Phone: 214-445-2739
  • Association Fee: $405.00
  • Association Fee Frequency: Monthly
  • Tax Lot: 3
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplace Features: Bedroom, Living Room
  • Fireplaces Total: 2
  • Flooring: Carpet, Laminate
  • Heating: Central
  • Interior Features: Cable TV Available, High Speed Internet Available
  • Appliances: Dryer, Refrigerator, Washer
  • Cooling: Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Brick
  • Exterior Features: Balcony
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Shingle, Wood
  • Number Of Units Total: 1
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Handicap: No
  • Loan Type: Treat As Clear
Lot Information
  • Lot Size Acres: 2.126
  • Lot Size Area: 2.126
  • Lot Size Units: Acres
  • Lot Size Square Feet: 92608.56
  • Multi Parcel ID: No
  • Parcel Number: 00C29100000D00047
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 7.59%
  • Gross Annual Expenses: $6,660
  • Gross Annual Income: $19,800
  • Insurance Expense: $312
  • Tenancy: Pets Allowed
  • Net Operation Income: $12,828.00
Unit 1
  • Approximate SQFT: 992.0
  • Average Lease Amount: $1,650.00
  • Living Area Length: 15.0
  • Living Area Width: 13.0
  • Master Bed Length: 10.0
  • Master Bed Width: 10.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1

Property History for 8750 Park Lane, Unit 147

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 8750 Park Lane, Unit 147

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 - 7 to 8
Rating
School
Distance
L L Hotchkiss Elementary School
PublicPK to 5

Sam Tasby Middle School
Public6 to 8

Emmett J Conrad High School
Public9 to 12

George Bannerman Dealey Internatio
Public7 to 8

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

8750 Park Lane, Unit 147 is a multi-family home for sale in Dallas, TX 75231. This property was listed for sale on March 16, 2024 by Smartpointe Real Estate, Inc, it's currently listed at $169,000. It has been on the market for a total of 43 days and was last sold on December 16, 2020. This listing's school district is Dallas Independent School District. Nearby schools include L L Hotchkiss Elementary School, Sam Tasby Middle School and Emmett J Conrad High School. 8750 Park Lane, Unit 147 is a 2-bed, 2.5-bath, 992 sqft multi-family home built in 1982.

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 Smartpointe Real Estate, Inc, Troy Smith

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: 03/16/2024 09:10 PM