12816 & 12818 PANDORA DRIVE, DALLAS, TX 75238
Homes for sale in Dallas.
Homes for sale in 75238.
12816 & 12818 Pandora Drive
Dallas, TX 75238
List Price$450,000
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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