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$750,000

6010 Richmond Ave, Dallas, TX, 75206

Under ContractInfo
Beds2 Beds
Baths2 Bath
Baths1,536 Sq Ft
price_per_sqft$488.28 / sqft
Year BuiltBuilt in 1926

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Other
FlooringHardwood

Exterior

Lot Size9,250 sqft

Building Information

Year Built1926
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000185230000000
SubdivisionBelmont Suburban
Land UseResidential
Legal DescriptionBELMONT SUBURBAN BLK 21/1912 LT 3 INT202300196711 DD09222023 CO-DC 1912 021 00300 1001912 021
Census Tract001101
Assessment Year2025

About this property

Rare duplex opportunity in the heart of 75206, priced for the lot. Sitting on 9,250 sq ft (0.2120 acres) in the highly sought-after Lower Greenville, this property offers two distinct plays for the right buyer. For the builder: This is the lot you've been waiting for. Single family new construction is the dominant redevelopment pattern in this pocket of East Dallas, and this oversized lot delivers the footprint to do it right. Income from both units covers carrying costs while you plan and permit. For the owner occupant: Move into one side and let the other pay your mortgage. Both units are mirrored 1 bed 1 bath layouts (appox 768 sqft each) with hardwood floors. Major capital improvements completed across both units include: foundation upgrades, new split unit AC and heat, new 200 amp electrical panels, new tankless water heaters, and new stainless appliances throughout (range, refrigerator, dishwasher) including stackable washer and dryers. This is a turn-key asset, not a project. One unit is on a standing lease at $1,650 per month. The other is month to month at $1,650 per month, with a tenant willing to stay on or vacate at closing. Photos shown are of one unit, the other is a mirror layout with similar finishes. Tandem off street parking in driveway. City water and sewer. Don't wait, lots like this in 75206 don't sit.

Investor Tools

$276,031Estimated Mortgage Balance
$475,397Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,389/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,914
$577,810
2025
N/A
N/A
$577,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,914
$577,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$292,100
No
First
May 5, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$276,031
$301,779
52%
37%
$1,752/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
$1,752/mo
+$178/mo
3.1%

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.

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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6010 Richmond Ave | Property Details | No Agent List