About this property

INVESTORS ONLY! Start earning income from day one with this turnkey investment property featuring a dependable long-term tenant already in place. The current tenant has renewed their lease through July 2027, providing immediate cash flow of $1,600 per month. The tenant has maintained an excellent payment history with no late payments, offering a proven rental history and seamless transition for the new owner. HOA dues are $482 per month. Nestled within the gated One Orleans Place community in Richardson ISD, this spacious townhome style condominium offers 2 bedrooms, 2.5 baths, and approximately 1,075 square feet of comfortable living. A welcoming private entrance tucked among mature trees and lush landscaping, creating a peaceful setting rarely found in condominium living. Inside, the inviting living room features a cozy fireplace, while the galley kitchen offers granite countertops, and breakfast bar that connects to the dining area.. A convenient half bath is located on the first floor for guests. Both bedrooms are privately situated upstairs, each featuring its own ensuite bath and walk-in closet. The oversized primary suite includes a generous sitting area that’s perfect for a home office, reading nook, or exercise space plus a private balcony overlooking the wooded creek and natural surroundings, providing a relaxing retreat. Step outside to beautifully maintained grounds with towering shade trees, tranquil creek views, and inviting outdoor spaces that give the community a park-like atmosphere and just steps from the community sparkling pool with adjoining sun deck and picnic area. Residents enjoy gated access, assigned covered parking, and HOA-maintained grounds for truly low-maintenance ownership. Conveniently located near I-635, shopping, dining, and major employment centers, this is an outstanding opportunity to add a stable, income-producing property to your investment portfolio.