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$ 450,000

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12816 & 12818 Pandora DR Dallas, TX 75238

4 Beds

4 Baths

2,248 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,248 sqft

Price per Sqft $200

Subdivision Highland Meadows No 8

MLS Listing ID 21066401

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1971

Lot Size 9,300 Sqft

Acres 0.2135

Property Sub-Type Duplex

Property Description

Full Duplex in Dallas with over $100,000 of updates make this the best investment opportunity in DFW. All cast iron has been replaced with PVC (2025) and the property has a lifetime transferable foundation warranty with MBR (2025). Roof replaced 2020. HVACs serviced semi-annually and working great. Unlock reliable cash flow and long-term appreciation with this partially remodeled full duplex in a high-demand Dallas rental market. One side has been completely renovated down to the studs with modern finishes—luxury vinyl plank floors, shaker cabinetry, new stainless steel appliances, new windows, updated lighting, and stylish bathrooms—making it a turnkey rental with a market rent at $2000 per month. The other side is tenant-occupied at $1,600 month, delivering immediate income. Long time tenant pays on time, even through COVID. The occupied unit has additional updates including luxury vinyl plank flooring (2022) throughout and a custom accent wall in the living space. The combined $3,600 month rental income will cover your mortgage with 20% down. Self manage with a 7.6% cap rate, or enlist a property management company and enjoy a 6.79% cap rate. Investors will appreciate the low-maintenance improvements already in place, plus the option for low-cost, value-add upgrades in the future on the occupied unit. Situated minutes from major employers, colleges, and entertainment hubs like NorthPark Center and White Rock Lake, this location ensures steady rental demand. Easy access to 635 & 75 keeps commute times short and tenant interest high, and you'll reap the benefits of the 635 expansion wrapping up - giving you easy access to every corner of the metroplex. It's the perfect house hack to live in the updated unit and offset your mortgage, or add to your rental portfolio. 12816 Pandora Drive is a rare chance to own a duplex in one of Dallas' strongest rental corridors with major mechanical and structural updates already taken care of.

Location

State TX

County Dallas

Community Sidewalks

Direction From 635 go south on Jupiter Rd. Turn Right(or)West on McCree. Left (or) South on Pandroa. Property is on the left. From 244S go North on Jupiter Rd. Turn Left(or)West on McCree. Left (or) South on Pandroa. Property is on the left.

Interior

Interior Features Decorative/Designer Lighting Fixtures, Eat-in Kitchen, High Speed Internet

Heating Central

Cooling Central Air

Flooring Linoleum, Luxury Vinyl Plank

Fireplace No

Appliance Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave

Exterior

Exterior Feature Private Yard

Parking Features Direct Access, Driveway, Enclosed, Garage, Garage Door Opener, Lighted, Outside, Oversized, Garage Faces Rear, On Street

Garage Spaces 2.0

Fence Full, Wood

Pool None

Community Features Sidewalks

Utilities Available Sewer Available, Separate Meters, Water Available

Water Access Desc Public

Roof Type Composition

Total Parking Spaces 4

Garage Yes

Building

Lot Description Interior Lot

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Highland Meadows

Middle Schools Sam Tasby

High Schools Conrad

School District Dallas Isd

Others

Tax ID 00000738185460000

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA

Listing Terms Cash, Conventional, 1031 Exchange, FHA

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SimpliHOM - Making Real Estate Simple

12816 & 12818 Pandora DR Dallas, TX 75238

Key Details

Location

Interior

Exterior

Building

Schools

Others

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12816 & 12818 Pandora DR