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$154,900

11655 Audelia Road Unit 1005, Dallas, TX, 75243

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths999 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$155.06 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Vented Exhaust Fan

Exterior

Private PoolPrivate Pool
Lot Size4.93 acres

Building Information

Year Built1982
Roof Type105

Land Information

APN00C54000000J01005
Lot Number1
SubdivisionOne Orleans Place Condos Ph I&Ii
Land UseResidential
Legal DescriptionONE ORLEANS PLACE CONDOS PH I&II BLK B/8094 LOT 1 4.9256 ACS BLDG J UNIT 1005 1.4591% CE INT202000221037 DD08172020 CO-DC
Census Tract018508
Assessed Land Value$25,040
Assessed Improvement Value$149,520
Assessment Year2026

About this property

VA Assumable Loan with only a 2.25% Interest Rate. No VETERAN requirement! Maximize your portfolio or residential footprint with this high-yield opportunity at 11655 Audelia Rd, Unit 1005. Spanning 999 square feet, this oversized floor plan offers a square-footage-to-price ratio that stands out in the current Dallas market. Strategically priced at $154,900, the unit represents a clear value proposition for data-driven buyers looking to secure an asset in a high-demand urban corridor. The interior has been systematically updated to enhance both aesthetic appeal and mechanical reliability. Key upgrades include a fresh application of paint throughout, the installation of high-end flooring, and the integration of premium LED lighting fixtures. Furthermore, the property features a new hot water heater, reducing immediate capital expenditure and improving utility efficiency. The layout is engineered for maximum utility, featuring a primary suite and a secondary half bathroom—a logistical advantage that enhances both daily functionality and long-term resale potential. A key highlight is the versatile loft space, which provides the flexibility to serve as a second bedroom or an additional living area. The community itself is positioned facing a greenbelt, providing a distinct environmental buffer within the urban landscape. The location offers significant lifestyle leverage, situated near the vibrant Lake Highlands area and the White Rock Lake basin. Residents enjoy immediate access to a dense concentration of Dallas amenities, including premier retail at NorthPark Center, diverse dining options along the Greenville Avenue corridor, and efficient transit links to the Telecom Corridor and Downtown Dallas. From an analytical standpoint, this property serves as a sophisticated entry point into the Dallas market, distinguishing itself from smaller, higher-priced alternatives through a combination of square footage, contemporary finishes, and versatile design.

Investor Tools

$98,498Estimated Mortgage Balance
$76,062Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,047 /month
Positive
Cash Flow Estimate:
$349 /month

Interested in this property?

Missy Starling

Coldwell Banker Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$95/month
$448/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$264
$174,560
2026
$25,040
$149,520
$174,560
No

Tax History

Year
Tax Paid
Assessed Value
2026
$264
$174,560

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$112,018
Yes
First
Aug 17, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,498
$76,062
43%
56%
$672/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$1,120/mo
+$570/mo
11.6%

City: Dallas