12816 & 12818 PANDORA DRIVE, DALLAS, TX 75238

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12816 & 12818 Pandora Drive

Dallas, TX 75238

Active

List Price$450,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21066401

4

Bedrooms

4 full

Bathrooms

2,248

Square Feet

2

Number of Units

Multi-Unit Residential

Type

About This Property

Full Duplex in Dallas with over $100,000 of updates make this the best investment opportunity in DFW. All cast iron has been replaced with PVC (2025) and the property has a lifetime transferable foundation warranty with MBR (2025). Roof replaced 2020. HVACs serviced semi-annually and working great. Unlock reliable cash flow and long-term appreciation with this partially remodeled full duplex in a high-demand Dallas rental market. One side has been completely renovated down to the studs with modern finishes--luxury vinyl plank floors, shaker cabinetry, new stainless steel appliances, new windows, updated lighting, and stylish bathrooms--making it a turnkey rental with a market rent at $2000 per month. The other side is tenant-occupied at $1,600 month, delivering immediate income. Long time tenant pays on time, even through COVID. The occupied unit has additional updates including luxury vinyl plank flooring (2022) throughout and a custom accent wall in the living space. The combined $3,600 month rental income will cover your mortgage with 20% down. Self manage with a 7.6% cap rate, or enlist a property management company and enjoy a 6.79% cap rate. Investors will appreciate the low-maintenance improvements already in place, plus the option for low-cost, value-add upgrades in the future on the occupied unit. Situated minutes from major employers, colleges, and entertainment hubs like NorthPark Center and White Rock Lake, this location ensures steady rental demand. Easy access to 635 & 75 keeps commute times short and tenant interest high, and you'll reap the benefits of the 635 expansion wrapping up - giving you easy access to every corner of the metroplex. It's the perfect house hack to live in the updated unit and offset your mortgage, or add to your rental portfolio. 12816 Pandora Drive is a rare chance to own a duplex in one of Dallas' strongest rental corridors with major mechanical and structural updates already taken care of.

Property Features

Location Information

County

Dallas

Subdivision

Highland Meadows No 8

Interior Features

Interior

Decorative/Designer Lighting Fixtures, Eat-in Kitchen, High Speed Internet

Cooling

Central Air

Full Baths

4

Floors

Linoleum, Luxury Vinyl Plank

Has Fireplace

No

Appliances

Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave

Number of Fireplaces

0

Total Number of Units

2

Heating

Central

Exterior Features

Stories

1

Fencing

Full, Wood

Construction

Brick

Pool Description

None

Exterior

Private Yard

Lot Description

Interior Lot

Foundation

Slab

Lot Size in Acres

0.214

Roof

Composition

Lot Size in Sq. Ft.

9,298

Water / Sewer

Sewer Available, Separate Meters, Water Available

Buildings

1

Utilities

Sewer Available, Separate Meters, Water Available

Building Total Area (Sq. Ft.)

2,248

Parking Description

Direct Access, Driveway, Enclosed, Garage, Garage Door Opener, Lighted, Outside, Oversized, Garage Faces Rear, On Street

Is One Story

Yes

Has Garage

Yes

Lot Description

Interior Lot

Garage Spaces

2

School

Elementary School District

Dallas ISD

Jr. High School

Sam Tasby

Elementary School

Highland Meadows

High School

Conrad

Additional Information

Year Built Details

Preowned

Status

Active

Property Type

RI

Has a Home Owners Association

No

Property SubType

Duplex

Community Features

Sidewalks

Year Built

1971

Lot Acres Source

Public Records

Similar Listings

Mortgage Calculator

$2,101

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$1,621

Monthly Tax

$375

Monthly Insurance

$105

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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