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Owner Contacts

$354,900

1200 Main Street 508, Dallas, TX, 75202

Off Market

2 Beds

2 Bath

1,563 Sq Ft

Condos / Townhouses

$227.06 / sqft

Built in 1974

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Ice Maker, Microwave, Plumbed For Ice Maker, Refrigerator

FlooringCeramic Tile, Wood

Exterior

Private Pool

Exterior FeaturesOther

Lot Size1.03 acres

Building Information

Year Built1974

Stories1

Roof Type172

Garage Spaces2

Land Information

APN00C46200000000508

Lot Number1A

SubdivisionMetropolitan @ 1200 Main St Condo

Land UseResidential

Legal DescriptionMETROPOLITAN @ 1200 MAIN ST CONDO BLK 68 LOT 1A ACS 1.0331 UNIT 508 CE%0.478 INT202200279207 DD10202022 CO-DC 0068 000 00300

Census Tract003102

Assessed Land Value$20,440

Assessed Improvement Value$440,650

Assessment Year2025

About this property

Priced to Sell! You will not want to miss this amazing opportunity to live in the heart of Downtown Dallas and within walking distance to multiple parks, shops, and restaurants! This freshly updated 2B 2Ba with a study and 2 parking spaces, is full of natural light, large bedrooms, utility room, and open concept kitchen. The Metropolitan offers it's owners the convenience of a business center, conference room, fitness center, indoor and outdoor community areas, rooftop pool, and grilling area. Motivated Seller!!!

Investor Tools

$461,090

Estimated Property Value

$0Estimated Mortgage Balance

$140,711Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,767 /month

Positive

Cash Flow Estimate:

$922 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$908/month

$922/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,594

$461,090

2025

$20,440

$440,650

$461,090

Tax History

Year

Tax Paid

Assessed Value

2024

$8,594

$461,090

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Guaranty Bank & Trust Na

Purchase Money Mortgage

$343,200

First

Oct 20, 2022

Oct 2042

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$320,379

$140,711

30%

69%

$2,058/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,030/mo

$2,980/mo

$-950/mo

5.3%

Learn About the Market: Opportunity in Dallas

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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.

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