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Competitive Edge Realty
5315 Colonial Ave, Dallas, TX 75215
- $326,000
- 6
- BD
- 2
- BA
- 1,680
- SqFt
- List Price
- $326,000
- MLS#
- 21429116
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 2020
- Construction Status
- Preowned
- Bedrooms
- 6
- Full Baths
- 2
- Acres
- 0.16
- Living Area
- 1,680
- County
- Dallas
- City
- Dallas
- Subdivision
- Ervay Place
- Building Name
- -
Property Description
Excellent Turnkey Investment Opportunity in South Dallas Fully renovated in 2026 and ready for immediate occupancy, this income-producing duplex presents an excellent opportunity for investors seeking rental potential and long-term appreciation in South Dallas. Both Unit A and Unit B offer 3 bedrooms, 1 full bathroom, spacious living areas, and separate kitchens, creating functional layouts with plenty of space. The property is being sold as a complete duplex under one address, offering the potential for multiple income streams and efficient property management. Extensive renovations have transformed both units, featuring brand-new HVAC systems, updated electrical throughout, new luxury LVT flooring, beautifully remodeled kitchens, energy-efficient windows, and modern interior finishes and fixtures. Neither unit has been occupied since the renovations were completed, giving the next owner the opportunity to introduce tenants to freshly updated living spaces without assuming existing lease obligations. Conveniently located in the South Dallas-Fair Park corridor, the property provides easy access to Downtown Dallas, Fair Park, Interstate 30, Interstate 45, DART transit, major employment centers, and ongoing neighborhood revitalization projects. Continued public and private investment throughout the area adds to the property's appeal for investors looking toward future growth and appreciation. Whether expanding an existing rental portfolio, completing a 1031 exchange, or acquiring a recently renovated multifamily property, this duplex offers an attractive combination of substantial improvements, flexible investment potential, and a convenient Dallas location. Schedule your showing today and explore the possibilities this turnkey investment property has to offer!
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Additional Information
- Unexempt Taxes
- $9,066
- Lot Size
- 7,013
- Acres
- 0.16
- Interior Features
- High Speed Internet
- Flooring
- Tile
- Foundation
- Slab
- Roof
- Composition
- Stories
- 1
- Pool Features
- None
- Parking Garage
- Driveway
- School District
- Dallas Isd
- Elementary School
- Dunbar
- Middle School
- Dade
- High School
- Madison
- Possession
- CloseOfEscrow
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Listing courtesy of Vanessa Brandt from Redfin Corporation. Contact: 972-954-4791
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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