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About the Listing KARL01AR - 0722031
Located in the heart of North Oak Cliff, this updated 2023 4-plex offers a rare opportunity just minutes from Bishop Arts District and Downtown Dallas. The property updated in 2023 features (2) 2-bedroom 1-bath units and (2) 1-bedroom 1-bath units, providing flexible living and rental options in a highly desirable Dallas location. Residents enjoy close proximity to some of the city’s best dining, entertainment, and cultural attractions, along with easy access to major employment centers in Downtown Dallas. Nearby parks and green spaces, including Lake Cliff Park, offer additional recreation and outdoor appeal.The area continues to experience strong growth and redevelopment, making this an excellent opportunity for both owner-occupants and investors seeking long-term value in a rapidly appreciating corridor of Oak Cliff. Short term rental and Airbnb eligible with projected $12.8k a month income and 12% cap rate at asking. Survey available on transaction desk.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
- Air Cond: Central Air,Electric
- Heating: Central,Electric,Natural Gas
- Fireplaces:
- Floor: Luxury Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Cable TV Available,Kitchen Island,Multiple Staircases,Open Floorplan,Pantry,Walk-In Closet(s)
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 6
- Roof: Shingle
- Others: Balcony,Covered Patio/Porch,Private Entrance,Preowned
- Sewer:
- Parking Features: Additional Parking,Concrete
Financial Details
- Tax Amount: $13,902
- Taxes w/Assessments: N/A
- Tax/Property ID: 00000250228000000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
506 N Lancaster Ave Dallas, TX 75203
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