1422 Deborah Avenue

DeSoto, TX 75115

$349,777
Price
4
Beds
2
Baths
2
1/2 Baths
2,176 Sq. Ft.
$161 / Sq. Ft.
2,176
Sq. Ft.
$161
per Sq. Ft.

Description

Seize the chance to own a full duplex in the thriving rental community of Desoto, located in the Dallas area. This well-maintained property features two identical units, each offering 2 bedrooms and 1.5 bathrooms. Both units are in excellent condition, benefiting from recent updates that enhance their appeal. The property is currently 50% occupied, providing immediate rental income from one unit while the other is ready to be leased at market rent. Market rent for each unit is $1,450, offering a...Seize the chance to own a full duplex in the thriving rental community of Desoto, located in the Dallas area. This well-maintained property features two identical units, each offering 2 bedrooms and 1.5 bathrooms. Both units are in excellent condition, benefiting from recent updates that enhance their appeal. The property is currently 50% occupied, providing immediate rental income from one unit while the other is ready to be leased at market rent. Market rent for each unit is $1,450, offering a solid return on investment in a high-demand area. This duplex presents a fantastic opportunity for investors looking to add a reliable income-generating property to their portfolio in a desirable Dallas-area community. New roof installed 9-24-24. New water heater installed September 2024. Tenant lease expires 4-30-25.

Property Details for 1422 Deborah Avenue

Subdivision Name
Hampton Place Estates
Pool
No
Number Of Parking Spaces
2
LISTING UPDATED: 10/02/2024 04:23 PM

Property Details for 1422 Deborah Avenue

StatusActive
MLS #20703040
Days on Market51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1971
Lot Size0.22 AC / 9,757 SF
CountyDallas County

Building Information for 1422 Deborah Avenue

Stories1Residences2Year Built1971Building Size-Lot Size0.22 AC / 9,757 SF

Property Information for 1422 Deborah Avenue

Summary
Location and General Information
  • Block: S
  • Complex Name: Hampton Place
  • Directions: Near Hampton & Wintergreen
  • High School: Desoto
  • High School Name: Desoto
  • Junior High School: Young
  • Middle School: Desoto East
  • Year Built Details: Preowned
  • School District: Desoto ISD
  • Geocode Confidence: High
  • Latitude: 32.62
  • Longitude: -96.85
  • State: Texas
Parking
  • Parking Features: Carport
  • Carport Spaces: 2
  • Parking Spaces Covered Total: 2
Taxes and HOA Information
  • Tax Legal Description: HAMPTON PLACE ESTATES 6TH INST BLK S LOT 10
  • Association Type: None
  • Tax Lot: 10
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: Laminate
  • Heating: Central
  • Interior Features: Cable TV Available
  • Appliances: Dishwasher, Disposal, Electric Cooktop
  • Cooling: Central Air
  • Smart Home Features Appor Pass Y: No
  • Window Features: Window Coverings
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Brick
  • Exterior Features: Covered Patio/Porch
  • Fencing: Chain Link
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Shingle
  • Number Of Units Total: 2
  • Levels: One
Property
Utilities
  • Utilities: Cable Available, City Sewer, City Water, Sidewalk
Property and Assessments
  • Financing Proposed: Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security Features: Smoke Detector(s)
  • Property Match: Address
Lot Information
  • Lot Size Acres: 0.224
  • Lot Size Area: 0.224
  • Lot Size Units: Acres
  • Lot Size Square Feet: 9757.44
  • Multi Parcel ID: No
  • Parcel Number: 20046500190100000
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 7.53%
  • Gross Annual Expenses: $6,970
  • Gross Annual Income: $34,800
  • Insurance Expense: $1,500
  • Tenancy: No Smoking, No Sublease, No Waterbeds, Pet Restrictions, Other
  • Total Annual Expenses Include: Insurance, Professional Management, Other
  • Net Operation Income: $26,330.00
Unit 1
  • Average Lease Amount: $1,225.00
  • Living Area Length: 16.0
  • Living Area Width: 15.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Average Lease Amount: $1,450.00
  • Living Area Length: 16.0
  • Living Area Width: 15.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1

Property History for 1422 Deborah Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1422 Deborah Avenue

Taxable ValueLand$65,000Additions$237,590Total$302,590
Tax Record2024$6,969 ($581 / month)
Home Facts
Baths4Total Finished SqFt2,176 SqFtAbove Grade Finished SqFt2,176 SqFtStories1Lot Size9,755 SqFtStyleDuplexYear Built1971ZoningZ415CountyDALLASAPN20046500190100000

Schools near 1422 Deborah Avenue

This home is within Desoto Independent School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 3 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Northside Elementary School
PublicK to 5

Desoto East Middle School
Public3 to 8

Wings (Where I Now Gain Success)
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1422 Deborah Avenue is a multi-family home for sale in DeSoto, TX 75115. This property was listed for sale on August 14, 2024 by JoGip Property Management, it's currently listed at $349,777. It has been on the market for a total of 51 days and was last sold on April 9, 2014. This listing's school district is Desoto Independent School District. Nearby schools include Northside Elementary School, Desoto East Middle School and Wings (Where I Now Gain Success). 1422 Deborah Avenue is a 4-bed, 3-bath, 2,176 sqft multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of JoGip Property Management, Antonio Gipson

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