Lynsie Gibson
lynsie72@gmail.com12517 Hornbeam DR Dallas, TX 75243
6 Beds
4 Baths
3,416 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,416 sqft
Price per Sqft $115
Subdivision Richland Mdws Add
MLS Listing ID 21378183
Bedrooms 6
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1977
Annual Tax Amount $9,767
Lot Size 0.298 Acres
Acres 0.298
Lot Dimensions 90x145
Property Sub-Type Duplex
Property Description
This rare, full-sized duplex at 12517 Hornbeam Drive offers an incredible opportunity to build instant equity while collecting rent. Spanning a massive 3,416 sq. ft. with a highly desirable 6-bedroom, 4-bathroom footprint (ideal 3 bed, 2 bath layout per side), the property is currently tenant-occupied and bringing in $2,900 per month in gross rent.
Priced aggressively for a fast sale, this property boasts massive upside. Collect your immediate income while planning your cosmetic rehab to force appreciation. Whether you are looking to flip for a solid margin (estimated ARV in the high $500s) or hold and bump the current below-market rents to create a lucrative cash-flow machine (projected market rents of $5,000+ per month), the numbers make sense.
Please do not disturb tenants. Showings require 24-hour notice (or showings granted with an accepted offer). No blind offers. Proof of funds required with all offers. Seller will not make any repairs.
Property Highlights:
Immediate Income: Currently generating $2,900 a month, allowing you to cash-flow from day one while you plan your updates.
Massive Footprint: 3,416 sq. ft. of living space offering generously sized rooms and living areas.
Value-Add Canvas: Needs TLC and cosmetic rehab—perfect for forcing appreciation and eventually raising rents to the $5,000+ per month market rate.
Prime Location: Conveniently tucked away while offering immediate access to I-635, US-75, Texas Instruments, and major North Dallas employment hubs.
Properties with this much upside and built-in cash flow do not last long in today's market. Sold strictly AS-IS. Cash, hard money, or conventional portfolio loans preferred.
Don't miss out on this equity-builder—schedule your showing today!
Location
State TX
County Dallas
Direction Please see GPS.
Interior
Interior Features High Speed Internet, Cable TV, Walk-In Closet(s)
Heating Central
Cooling Central Air, Electric
Flooring Carpet, Ceramic Tile
Fireplaces Number 2
Fireplaces Type Living Room
Fireplace Yes
Appliance Electric Cooktop, Electric Oven, Gas Water Heater
Exterior
Parking Features Garage, Garage Door Opener
Garage Spaces 4.0
Fence Fenced
Pool None
Utilities Available Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available, Cable Available
Water Access Desc Public
Roof Type Composition,Shingle
Total Parking Spaces 4
Garage Yes
Private Pool No
Building
Lot Description Interior Lot
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Forestridge
Middle Schools Liberty
High Schools Berkner
School District Richardson Isd
Others
Tax ID 00000811184190000
Acceptable Financing Cash, 1031 Exchange, FHA 203(k)
Listing Terms Cash, 1031 Exchange, FHA 203(k)
Lynsie Gibson
Agent