5020 Pershing Street new Save Request In-Person Tour Request Virtual Tour
Dallas,TX 75206
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Cochran Heights
MLS Listing ID 21061033
Bedrooms 2
Full Baths 2
Year Built 1938
Annual Tax Amount $8,553
Lot Size 7,013 Sqft
Property Sub-Type Duplex
Property Description
INVESTOR OPPORTUNITY! Knox Henderson Full Duplex on 7009 sqft Lot. Selling for lot value. This investment analysis details a unique opportunity to acquire a 7,009 square foot lot with a full duplex and detached garage in the highly desirable Knox-Henderson area of Dallas, also known as Cochran Heights. This prime location, with its mix of charming historic homes and modern new construction, makes the property a versatile asset for a range of investment strategies. Cochran Heights is a vibrant, walkable neighborhood with a high-income, highly educated population of young professionals. The area's strong appeal is driven by its close proximity to acclaimed restaurants, cafes, boutiques, and entertainment venues on Henderson Avenue and Knox Street. The lot's size is a significant advantage, exceeding the city's minimum requirements for both single-family and duplex development, which offers substantial flexibility.
Alternatively, for an investor with a higher risk tolerance and development experience, a ground-up development project offers the potential for maximum returns. The 7,009 sq ft lot is large enough to support a new, high-end single-family home or a brand-new duplex. New construction in this neighborhood has commanded sales prices well over $1 million, with some reaching as high as $2.25 million, demonstrating the strong demand for new inventory. A new duplex, in particular, would allow an investor to maximize the lot's income potential while still meeting the City of Dallas's zoning and setback requirements for multi-family residences in this area.
Location
State TX
County Dallas
Interior
Heating Central,Natural Gas
Cooling Central Air,Electric
Flooring Laminate
Exterior
Garage Spaces 2.0
Utilities Available City Sewer,City Water,Individual Gas Meter,Individual Water Meter
Roof Type Composition
Building
Story One
Foundation Pillar/Post/Pier
Structure Type Wood
Schools
Elementary Schools Geneva Heights
Middle Schools Long
High Schools Woodrow Wilson
School District Dallas Isd
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21061033