5315 Colonial Avenue Dallas, TX 75215
6 Beds
2 Baths
1,680 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,680 sqft
Subdivision Ervay Place
MLS Listing ID 21429116
Bedrooms 6
Full Baths 2
HOA Y/N None
Total Fin. Sqft 1680
Year Built 2020
Annual Tax Amount $9,066
Lot Size 7,013 Sqft
Acres 0.161
Property Sub-Type Duplex
Property Description
Fully renovated in 2026 and ready for immediate occupancy, this income-producing duplex presents an excellent opportunity for investors seeking rental potential and long-term appreciation in South Dallas. Both Unit A and Unit B offer 3 bedrooms, 1 full bathroom, spacious living areas, and separate kitchens, creating functional layouts with plenty of space. The property is being sold as a complete duplex under one address, offering the potential for multiple income streams and efficient property management.
Extensive renovations have transformed both units, featuring brand-new HVAC systems, updated electrical throughout, new luxury LVT flooring, beautifully remodeled kitchens, energy-efficient windows, and modern interior finishes and fixtures. Neither unit has been occupied since the renovations were completed, giving the next owner the opportunity to introduce tenants to freshly updated living spaces without assuming existing lease obligations.
Conveniently located in the South Dallas-Fair Park corridor, the property provides easy access to Downtown Dallas, Fair Park, Interstate 30, Interstate 45, DART transit, major employment centers, and ongoing neighborhood revitalization projects. Directions: From I-45 South, take Martin Luther King Jr. exit. Turn left onto SM Wright Freeway 310. Turn right onto Haven St, then turn right onto Colonial Ave. Continued public and private investment throughout the area adds to the property's appeal for investors looking toward future growth and appreciation.
This duplex offers an attractive combination of substantial improvements, flexible investment potential, and a convenient Dallas location. Schedule your showing today and explore the possibilities this turnkey investment property has to offer!
Location
State TX
County Dallas
Direction From I-45 South, From I-45 South, take Martin Luther King Jr. exit. Turn left onto SM Wright Freeway 310. Turn right onto Haven Street, then turn right onto Colonial Avenue. Continue to 5315 Colonial Avenue.
Interior
Interior Features High Speed Internet Available
Heating Electric
Cooling Electric
Flooring Varies
Appliance Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Heat Source Electric
Exterior
Utilities Available City Sewer, City Water, Electricity Available
Roof Type Composition
Garage No
Building
Story One
Foundation Slab
Level or Stories One
Structure Type Wood
Schools
Elementary Schools Dunbar
Middle Schools Dade
High Schools Madison
School District Dallas Isd
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21429116
