With 2024 practically here, many of us are already drawing up our New Year’s resolutions. While some may be vowing to read more or get fit, others are assessing their financial futures and looking to create lasting income through savvy investments. The latter will love what’s in store in Peak’s Suburban Addition.
For this week’s Inwood Home of the Week sponsored by Inwood National Bank, we’re showing off an incredible real estate investment opportunity in one of Dallas’s most iconic in-town neighborhoods.
Paul Sanders with Compass Real Estate has listed this two-bedroom, two-bathroom, 1,428-square-foot duplex that is both adorable and full of opportunity.
Located in Peak’s Suburban Addition, this home is perfectly poised with proximity to some of Dallas’ most exciting areas. It’s just a five-minute drive to Lowest Greenville, Lakewood, Deep Ellum, Downtown Dallas, the Dallas Arts District, and West Village. It’s the perfect spot for almost anyone looking to rent in Dallas.
As for the home itself, it’s chock full of charm. Built in 1913, the high-quality construction and Craftsman-style design create a timeless structure with plenty of visual interest.
Upon walking into both units, you immediately feel immersed in an era of authentic American design. Since much of the original charm is retained throughout this property, a classic feel complements contemporary touches. Unit 623 is beset with original built-ins and an elegant hearth. Also, a large eat-in kitchen makes the space excellent for entertaining.
Both units feature kitchens on the large side with an abundance of counter space and plenty of potential. Of course, a simple update to each could easily maximize return and increase monthly income.
Each unit of this duplex features a well-proportioned bedroom and bathroom. With a plethora of windows, natural light graces almost every room through these units. Therefore, an easy and inviting feel complements the crisp white finishes and warm hardwood flooring throughout.
Some recent updates to this Peak’s Suburban Addition duplex include a storage shed and wood fence built in 2020. Also on the plus side is the new HVAC the sellers installed in unit 621 just two years ago.
If you’re looking to start the new year with an easy investment opportunity, you should tour this duplex. We have a feeling it won’t be on the market much longer.
Paul Sanders with Compass Real Estate has 621 and 623 North Carroll Avenue priced at $425,000.
