5316 Columbia Avenue

Dallas, TX 75214
$625,000
4 beds | 3 baths | 0.15 acres | #20805109
For Sale

Description

Investment Opportunity in East Dallas - Prime Location Near Lakewood & Santa Fe Trail. Up to a $4500 lender credit! Don't miss this rare opportunity to own a fully functional, income-producing duplex in one of East Dallas' most desirable neighborhoods. Located just minutes from Lakewood, the Santa Fe bike trail, and a wide variety of shops and restaurants, this property offers both convenience and potential. The duplex features a total of 4 bedrooms, 4 full baths, and 2 half baths, with separate living areas on each side. Both units include wood-burning fireplaces, creating a cozy atmosphere, and offer the benefit of two single-car garages—one for each unit. Each side also boasts private fenced-in patios with lush grass, ideal for outdoor relaxation. Unit 5316 is currently occupied with a month-to-month lease, offering immediate rental income potential. Unit 5314 is vacant and move-in ready, providing the flexibility to live in one side while generating income from the other. Additionally, both sides of the duplex are available for individual purchase, giving you flexibility in your investment strategy. Whether you’re an owner-occupant or investor, this property offers a unique opportunity in a high-demand area.Take advantage of this fantastic East Dallas investment—schedule your tour today! **Seller is doing 1031 exchange at no cost to buyer** Square footage is taken from tax records. Buyer to determine each side prior to purchase.
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  • Property Details
      • Interior:Granite Counters
      • Bedrooms:4
      • Bathrooms:3
      • Full Baths:2
      • Half Baths:2
      • Acres:0.1460
      • Parking spaces:2
      • Property type:Multi-Family
      • Year built:1984
      • Foundation:Slab
      • Utility features:City Sewer, City Water
      • Subdivision:East Columbia Place Add
      • School district:Dallas ISD
      • Elementary School:Lipscomb
      • County:Dallas
      • MLS #:20805109
      • Cost:625000
      • Property subtype:Duplex
      • MLS #:20805109

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© 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Phil Hill shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright

Last Updated: . Source: NTREIS

Listing Courtesy
Listing Agent: Caryn Frakes
Listing Office: JPAR

Phil HillReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

%
6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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© 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Phil Hill shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright