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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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11416 Summertree Ln , Dallas, TX 75243
$449,000
Est. Payment: $2,521.92/mo
4 Bed
4 Bath
2490 Sqft
0.13 Acres
Status: active | Days on site: 23
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House Description

INVESTMENT OPPORTUNITY – TURNKEY DUPLEX WITH LEASED UNITS. Excellent opportunity to own an income-producing duplex in the Springtree neighborhood zoned to Richardson ISD schools!. This full duplex features two spacious 2 Bedroom, 2 Bath units (2,490 total SF) offering immediate, stable income with SIGNIFICANT built-in upside and an attractive opportunity for an investor seeking an established rental property. 11414 (1,300 SF) is leased for $1,700 per month, while 11416 (1,190 SF) is leased for $1,650 per month notably below the surrounding submarket, where comparable dated units rent for approximately $1,800 per month and renovated units command $2,000-$2,200 per month. This rent gap represents a clear, low-risk path to increased cashflow through gradual lease adjustments or a light value-add renovation program. Recent updates include a new roof in 2026 (~$25K) and new HVAC system for 11414 (~$6K). Convenient access to North Central Expressway, nearby employment centers, shopping, and dining. A rare opportunity to acquire a stabilized, income-producing asset with meaningful upside in one of Dallas's most consistent rental corridors. Contact the listing agent for additional property, lease, and financial details.

Highlights

Listed by John West , West Residential Realty, LLC , North Texas Real Estate Information Systems

Property Type

Multi-Family

Lot/Acreage
0.13

Year Built

1982

County

Dallas

Neighborhood

Springtree Add

School District

Richardson ISD

Listing ID

21390542

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Appliances:Dishwasher, Electric Range
Air Cond:Central Air,Electric
Fireplaces:Brick,Wood Burning
Floor:Carpet,Ceramic Tile,Luxury Vinyl Plank
Other:
  • ▪ Additional:Decorative Lighting, Vaulted Ceiling(s)

Exterior Features

Lot:Less Than .5 Acre (not Zero)
Lot Dimensions:75X120
Garage Capacity:4
Roof:Composition
Others:
  • ▪ Additional:Preowned
Parking Features:Alley Access,Garage,Garage Door Opener,Garage Faces Rear
Principal Interest
$2,522
Taxes
$413

Home Price

$449,000

Loan Details

30 yrs
7.542%

Down Payment

20%
$89,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,521.92

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,521.92 $412.83 $0.00 $2,934.75
Yearly $30,263.00 $4,954.00 $0.00 $35,217.00
Total $907,890.13 $148,620.00 $0.00 $1,056,510.13

Today's Rates

30 Year

7.54%

20 Year

7.2%

15 Year

6.73%

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Market insight data is pulled from the same city as the listing being viewed (Dallas, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-11T12:07:25.737Z

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