11416 Summertree LaneDallas, TX 75243

Description

INVESTMENT OPPORTUNITY – TURNKEY DUPLEX WITH LEASED UNITS. Excellent opportunity to own an income-producing duplex in the Springtree neighborhood zoned to Richardson ISD schools!. This full duplex features two spacious 2 Bedroom, 2 Bath units (2,490 total SF) offering immediate, stable income with SIGNIFICANT built-in upside and an attractive opportunity for an investor seeking an established rental property. 11414 (1,300 SF) is leased for $1,700 per month, while 11416 (1,190 SF) is leased for $1,650 per month 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 cashflow through gradual lease adjustments or a light value-add renovation program. Recent updates include a new roof in 2026 (~$25K) and new HVAC system for 11414 (~$6K). Convenient access to North Central Expressway, nearby 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. Contact the listing agent for additional property, lease, and financial details.

Property Information

Property type

Residential Income

Sub-type

Duplex

Year built

1982

Building area

2,490 Sq Ft

Lot size

0.13 acres

Lot dimensions

75X120

Garage spaces

4

Parking spaces

4

Days on market

25

MLS^® Listing#

21390542

Property Features

Interior

Vaulted Ceiling(s)

Appliances

Dishwasher · Electric Range

Cooling

Central Air · Electric

Heating

Central · Natural Gas

Flooring

Carpet · Ceramic Tile · Vinyl

Fireplace

Wood Burning

Parking

Alley Access · Garage · Garage Door Opener · Garage Faces Rear · Attached

Fencing

Wood

Construction

Brick

Foundation

Slab

Roof

Composition

Utilities

Electricity Available · Natural Gas Available

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Forest Lane

Middle

Forest Meadow

High

Lake Highlands

District

Richardson ISD

Financial Details

Annual taxes

$4,954

Parcel number

0080990B000220100

Directions

Use GPS