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Owner Contacts

$50,000

3523 Spence Street, Dallas, TX, 75215

$65,000 ARV

Off Market

2 Beds

2 Bath

1,645 Sq Ft

Duplex

$30.4 / sqft

Built in 1951

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Gas

Cooling

AppliancesOther

Exterior

Lot Size3,260 sqft

Building Information

Year Built1951

Stories1

Roof Type105

Land Information

APN00000143281000001

Lot Number11-A

SubdivisionErvay Street Heights

Land UseResidential

Legal DescriptionERVAY STREET HEIGHTS BLK 1/1184 LOT 11-A INT202000077085 DD03132020 CO-DC 1184 001 11A00 1DA1184 001

Census Tract020900

Assessed Land Value$32,600

Assessed Improvement Value$17,760

Assessment Year2025

About this property

Value is in the land. Property is zoned PD 595 NC (Neighborhood Commercial). Excellent opportunity to rehab the existing duplex or tear down and construct a business. There are two lots on the south side of this duplex for sale. They can be purchased along with the duplex as a package which would be over 170 ft of frontage to I 45. Please verify with city for your specific needs and additional information.

Investor Tools

$117,000

Estimated Property Value

$0Estimated Mortgage Balance

$117,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$65,000

Rent-to-Value Ratio: 0.72%

Rent Estimate

$702 /month

Positive

Cash Flow Estimate:

$234 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$140/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,093

$50,360

2025

$32,600

$17,760

$50,360

No

Tax History

Year

Tax Paid

Assessed Value

2024

$1,093

$50,360

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$117,000

100%

0%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,565/mo

N/A

+$1,565/mo

16.1%

Learn About the Market: Opportunity in Dallas

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