New ListingRenovated One-Bedroom Condo at Windtree Condominiums offering an exceptional investment opportunity with a strong, established lease already in place! The long-term, multi-year tenant recently renewed for another 12 months at $1,475 per month, producing a gross rental yield of nearly 12% at list price. While the unit is priced above typical comparable sales, the premium is supported by an above-market lease with a proven tenant already in place. For an investor, this creates a rare opportunity to acquire a turnkey, low-maintenance property generating immediate income at a return that is difficult to replicate in the current market. The HOA covers water and trash, while the tenant is responsible for electricity and internet, keeping ownership straightforward and predictable. The renovated unit also minimizes near-term maintenance and improvement needs. Located in desirable Lake Highlands with convenient access to Downtown Dallas and nearby shopping, dining, and retail. The gated community includes a reserved covered parking space. An excellent opportunity for an investor prioritizing cash flow: strong lease, established tenant, renovated unit, and nearly 12% gross rental yield from day one.
| MLS # | 21382903 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $350 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Listing Provided By | Woodall and Co. Realty, LLC | Cooper Johnson |
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 608 |
| Car Port | Yes |
| Pool | Yes |
| Story(s) | 1 |
| Acreage | 1.00 |
| Room Count | 2 |
|---|---|
| Interior Features | Decorative Lighting, Eat-in Kitchen |
| Appliances | Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Refrigerator, Washer |
| Garage Yn | 0 |
|---|---|
| Parking Features | Covered |
| Utilities | City Sewer, City Water |
|---|
| Unexempt Taxes | 2014 |
|---|---|
| Tax Block | A8110 |
| Tax Legal Description | WINDTREE CONDOS BLK A/8110 7.875 AC BLDG Q UN |
| State | TX |
|---|---|
| County | Dallas |
| City | Dallas |
| Zip Code | 75231 |
| Area | Dallas |
| Community Name | Windtree Condos |
| School District | Richardson ISD |
| Elementary School | Merriman Park |
| High School | Lake Highlands |
| Listing VS Median (in Windtree Condos) | |
Price: $99,999 low | high Med: $100,000 sqft: 608 low | high Med: 726 $ / sqft: $164 low | high Med: $142 | |
| State | TX |
|---|---|
| County | Dallas |
| City | Dallas |
| Zip Code | 75231 |
| Area | Dallas |
| Community Name | Windtree Condos |
| School District | Richardson ISD |
| Elementary School | Merriman Park |
| High School | Lake Highlands |
| Listing VS Median (in Windtree Condos) | |
Price: $99,999 low | high Med: $100,000 sqft: 608 low | high Med: 726 $ / sqft: $164 low | high Med: $142 | |