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$499,900

11826 & 11828 Garden Terrace Drive, Dallas, TX, 75243

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,558 Sq Ft
DuplexDuplex
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringOther

Exterior

Lot Size8,460 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000820493120000
Lot Number7A
SubdivisionWoodbridge 4 Rep
Land UseResidential
Legal DescriptionWOODBRIDGE 4 REP BLK C/8442 LT 7A INT201600122430 DD04292016 CO-DC 8442 00C 07A00 3DA8442 00C
Census Tract019019
Assessed Land Value$95,000
Assessed Improvement Value$353,420
Assessment Year2025

About this property

Value-add duplex investment in the desirable Woodbridge subdivision, zoned to Richardson ISD! This well-maintained 1982-built full duplex features two spacious 3-bedroom, 2-bath units (2,558 total SF) - offering immediate, stable income with SIGNIFICANT built-in upside. Both units are currently leased month-to-month at $1,650 per side - notably below the surrounding submarket, where comparable dated units rent for approximately $1,800 per month and renovated units command $2,000-$2,200 per month. This rent gap represents a clear, low-risk path to increased cash flow through gradual lease adjustments or a light value-add renovation program. Each side offers a functional single-story layout, one-car garage, and private yard space. Convenient access to Central Expressway, North Dallas employment centers, shopping, and dining. A rare opportunity to acquire a stabilized, income-producing asset with meaningful upside in one of Dallas's most consistent rental corridors. Financials available upon request.

Investor Tools

Property Icon
$448,420
Estimated Property Value
$0Estimated Mortgage Balance
$283,011Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,999 /month
Positive
Cash Flow Estimate:
$1,000 /month

Interested in this property?

Casey Mayer

JPAR - Plano

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$622/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,219
$448,420
2025
$95,000
$353,420
$448,420
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,219
$448,420

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Fha
$211,105
Yes
First
May 2, 2016
Jun 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$165,409
$283,011
63%
37%
$1,266/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,266/mo
+$1,306/mo
6.9%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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11826 & 11828 Garden Terrace Drive | Property Details | No Agent List