$119,900
Investor Special in Established Wilmer Neighborhood – Income-Producing Opportunity with Value-Add Potential!
Attention investors, landlords, and cash buyers! This tenant-occupied 3-bedroom, 1.5-bath home offers an excellent opportunity to add value in a quiet, established cul-de-sac neighborhood in Wilmer. The property features a brand-new roof, a 1-car attached garage, and an additional covered carport, providing ample parking and storage. For buyers looking to maximize value, the attached garage may present the potential to be converted into a fourth bedroom or additional living space (buyer to verify feasibility, permits, and code compliance with the City of Wilmer). The home is currently cooled with working window AC units, while the central HVAC system is not operational and will require repair or replacement. The property may also need a foundation adjustment, believed to be primarily near the rear kitchen area, making this an ideal project for investors seeking a value-add rental or renovation opportunity. The location is a standout feature, offering convenient access to Cottonwood Valley Park just two blocks away, the Cottonwood Creek Dallas County Nature Preserve approximately 900 feet from the property, and I-45 less than half a mile away for an easy commute throughout the Dallas metroplex. The property is currently tenant occupied with a lease in place through July 31, 2026. At the buyer's discretion, the tenants may vacate at lease expiration or may be offered the opportunity to enter into a new lease. For qualified landlord buyers who choose to extend a new lease to the current tenants, the seller may consider offering an incentive from the seller's proceeds. This incentive is entirely optional and is not a condition of the sale.
Property is being sold AS IS. Buyer to independently verify all information, measurements, schools, condition, and any potential future use or conversion possibilities.
3
Beds
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2
Baths
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21317525
MLS
309 Dogwood Ln, Wilmer
