Discover a prime investment opportunity or excellent starter home with this 1,248 sq. ft., 3-bedroom, 2-bathroom single family property in Dallas, TX, a proven income generator with the same tenant for over 12 years. Situated on a 0.12-acre lot near Interstates 35E and 20, this well-maintained home offers easy access to downtown Dallas, shopping, and entertainment, making it highly desirable. With a tenant secured through March 31, 2026, you’ll enjoy immediate cash flow as an investment property. Featuring a brand-new roof installed in May 2025, an open-concept floor plan with a bright living area, a 2-car garage, and a large, fenced backyard, this move-in-ready home could use a little updating to maximize potential.
Perfect for seasoned investors and newcomers, this turnkey property delivers steady income and long-term value. The home's manageable size, modern layout, and location help to ensure strong tenant demand. Don’t miss out on this wonderful home. Schedule a showing today!
For sale
$230,000
7554 Rice Ln, Dallas, TX 75241
3beds
1,248sqft
Est.:
Single Family Residence
Built in 2005
5,488.56 Square Feet Lot
$228,900 Zestimate®
$184/sqft
$-- HOA
What's special
Open-concept floor planLarge fenced backyardBrand-new roof
- 57 days
- on Zillow |
- 240 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: June 28, 2025 at 11:50am
Listed by:
Charles Honeycutt 0719804 972-509-7100,
Seeto Realty 972-509-7100,
Sharon Bartlett 0684103 214-914-9272,
Seeto Realty
Source: NTREIS,MLS#: 20981733
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 15 x 14
Bedroom
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 10 x 10
Bedroom
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 10 x 10
Primary bathroom
- Level: First
- Dimensions: 1 x 1
Other
- Level: First
- Dimensions: 1 x 1
Kitchen
- Features: Eat-in Kitchen
- Level: First
- Dimensions: 14 x 14
Laundry
- Level: First
- Dimensions: 1 x 1
Living room
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 14 x 14
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dishwasher, Electric Range, Microwave
- Laundry: Laundry in Utility Room
Features
- High Speed Internet, Open Floorplan, Cable TV, Walk-In Closet(s)
- Flooring: Carpet, Vinyl
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 1,248 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage Faces Front, Garage, Off Street
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: Back Yard,Fenced,Wood
Lot
- Size: 5,488.56 Square Feet
- Dimensions: 50 x 110
- Features: Interior Lot
Details
- Parcel number: 006630000a0190000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Available, Separate Meters, Water Available, Cable Available
Green energy
- Energy efficient items: Appliances
Community & HOA
Community
- Features: Curbs, Sidewalks
- Subdivision: Wisdom Terrace Ph 05
HOA
- Has HOA: No
Location
- Region: Dallas
Financial & listing details
- Price per square foot: $184/sqft
- Tax assessed value: $216,110
- Annual tax amount: $4,830
- Date on market: 6/26/2025
- Exclusions: Tenants kitchen refrigerator and washer & dryer.
- Electric utility on property: Yes
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