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$95,000

1603 N Garrett Ave # A-102, Dallas, TX, 75206

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths567 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$167.55 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringConcrete

Exterior

Exterior FeaturesCourtyard
Lot Size15,500 sqft

Building Information

Year Built1982
Stories1
Roof Type105

Land Information

APN00C23530000A00102
Lot Number18&22.5
SubdivisionGarrett Park Condominiums
Land UseResidential
Legal DescriptionGARRETT PARK CONDOMINIUMS BLK 5/704 LT 18 & 22.5 FT LT 17 BLDG A UNIT 102 & 5.796% CE INT201500077753 DD03252015 CO-DC
Census Tract001503
Assessed Land Value$49,410
Assessed Improvement Value$81,000
Assessment Year2025

About this property

Welcome to this one-bedroom, one-bathroom condo in the heart of Dallas—perfectly positioned near some of the city’s best retail, dining, and nightlife. Whether you’re an investor searching for a solid long-term rental opportunity or a first-time buyer ready to add your personal touch, this design-ready space offers endless potential. Step inside and you’re greeted by an open-concept floorplan that makes entertaining a breeze, with a seamless flow between the living, dining, and kitchen areas. The cozy layout invites you to settle in while also providing a canvas for your creative vision. At the rear of the property, a small outdoor space awaits—ideal for transforming into a patio garden, a reading nook, or a spot to unwind after a long day. This close-knit community of long-time residents offers the kind of neighborly connection that’s hard to find in the city, and the walkable location means coffee shops, restaurants, and nightlife are just steps from your front door. Recent community updates give peace of mind, with the HOA investing in major improvements over the years including a new roof (2017), foundation work (2020), and a full exterior repaint. Ongoing enhancements such as refreshed doors, updated unit numbers, and new light fixtures keep the property looking sharp and well cared for. This is your chance to own a centrally located condo in a vibrant neighborhood, with the flexibility to design it your way and enjoy all that urban Dallas living has to offer.

Investor Tools

$3,294Estimated Mortgage Balance
$127,116Estimated Equity
97% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$782 /month
Positive
Cash Flow Estimate:
$261 /month

Interested in this property?

Megan Johnson

Modernest Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$144/month
$364/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,078
$130,410
2025
$49,410
$81,000
$130,410
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,078
$130,410

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pride Mtg Inc
N/A
$15,000
N/A
First
Jul 14, 2000
Jul 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,294
$127,116
97%
3%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$364/mo
+$1,276/mo
15.1%

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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