11826 & 11828 Garden Terrace Dr, Dallas, TX 75243

$499,900
: 6
BD
: 4
BA

Add to Favorites New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Add to Favorites

List Price: $499,900
MLS#: 21346826
Status: ACTIVE
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 1982
Construction Status: Preowned
Bedrooms: 6
Full Baths: 4
Acres: 0.19
County: Dallas
City: Dallas
Subdivision: Woodbridge 04 Rep
Building Name: Woodbridge 4 Rep Blk

New Search

Property Description

Value-add duplex investment in the desirable Woodbridge subdivision, zoned to Richardson ISD! This well-maintained 1982-built full duplex features two spacious 3-bedroom, 2-bath units (2,558 total SF) - offering immediate, stable income with SIGNIFICANT built-in upside. Both units are currently leased month-to-month at $1,650 per side - 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 cash flow through gradual lease adjustments or a light value-add renovation program. Each side offers a functional single-story layout, one-car garage, and private yard space. Convenient access to Central Expressway, North Dallas 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. Financials available upon request.

Search All Properties

Additional Information

Lot Size: 8,450
Acres: 0.19
Interior Features: Other
Flooring: Other
Foundation: Slab
Roof: Other
Stories: 1
Pool Features: None
Garage Spaces: 1
Parking Garage: Additional Parking, Garage - Single Door
School District: Richardson Isd
Elementary School: Audelia Creek
Middle School: Liberty
High School: Berkner
Possession: CloseOfEscrow, SubjectToTenantRights