*TURN-KEY INVESTMENT** Opportunity to acquire 1-3 highly performing, newly updated properties in the growing Midtown Improvement District of Dallas. With current, performing leases in place and capital improvements already completed, this property is an ideal addition to an existing rental portfolio or for someone seeking to establish one. Unit is operating at an 8.5% CAP Rate with low HOA dues and tenants responsible for their own utilities. Properties are located in an ideal location providing access to multiple highways, Dart Rail, shopping, restaurants and major healthcare facilities.
The value add opportunity for this unit would be in the substantial investment from the City of Dallas through MID, with numerous planned improvements for the upcoming year that have already been approved and made public. Investments have already been made in two new schools (4 total), Vickery Park branch of the Dallas Public Library, parks, and the SOPAC trail which connects residents to Flag Pole Hill, White Rock Lake and Katy Trail. This benefit has already been realized in property values and rent rates over the last couple of years and with planned updates to the complex, as well, it should only continue to improve. Additional information can be found on the Midtown Improvement Districts website. This property can be purchased independently or as part of a three-unit package, with MLS# 20990566 and one additional unit that will is off market, but is available as part of a package deal.
For sale
$99,500
7152 Fair Oaks Ave APT 1181, Dallas, TX 75231
1beds
514sqft
Est.:
Condominium
Built in 1975
-- sqft lot
$93,600 Zestimate®
$194/sqft
$125/mo HOA
What's special
Newly updated properties
- 10 days
- on Zillow |
- 183 |
- 21 |
Zillow last checked: 7 hours ago
Listing updated: August 15, 2025 at 01:10pm
Listed by:
Ronald Adam 0789933 214-641-9635,
eXp Realty LLC 888-519-7431
Source: NTREIS,MLS#: 20990534
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Features: Ceiling Fan(s), En Suite Bathroom, Walk-In Closet(s)
- Level: Second
- Dimensions: 8 x 8
Living room
- Features: Fireplace
- Level: First
- Dimensions: 8 x 8
Heating
- Central, Electric, Fireplace(s)
Cooling
- Central Air, Electric
Appliances
- Included: Electric Oven, Electric Range, Disposal, Refrigerator
Features
- Loft, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Laminate
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Den, Wood Burning
Interior area
- Total interior livable area: 514 sqft
Video & virtual tour
Property
Parking
- Parking features: Common, On Site, Permit Required, Parking Lot
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 8.71 Square Feet
Details
- Parcel number: 00000366789440000
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Sewer Available, Water Available, Cable Available
Community & HOA
Community
- Features: Community Mailbox, Gated
- Security: Gated Community, Smoke Detector(s)
- Subdivision: Lakeview Lofts Condos
HOA
- Has HOA: Yes
- Services included: All Facilities, Association Management, Insurance, Maintenance Grounds
- HOA fee: $125 monthly
- HOA name: Lofts Homeowners Association
- HOA phone: 214-642-6389
Location
- Region: Dallas
Financial & listing details
- Price per square foot: $194/sqft
- Tax assessed value: $72,120
- Annual tax amount: $1,612
- Date on market: 8/15/2025
- Electric utility on property: Yes
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