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… Read More 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. Read Less
Courtesy of Coldwell Banker Apex, REALTORS, Scott Hogg.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Duplex
Beds
2
Full Baths
2
Lot Size
0.16 Acres
Year Built
1938
MLS Number
21061033
Additional Details
Building
Built in 1938, Construction materials: WoodSiding, Levels: One, 2 buildings, 1, Toal building area: 1116
Cooling
CentralAir, Electric
Floors
Laminate
Garage
2 garage spaces
Heating
Central, NaturalGas
Lot
0.161 acres, 7,013 sqft
Parking
2 covered spaces, 2 total parkings, Driveway, Garage, OnStreet
