5020 Pershing ST new Save Request In-Person Tour Request Virtual Tour
Dallas,TX 75206
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,116 sqft
Price per Sqft $604
Subdivision Cochran Heights
MLS Listing ID 21061033
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1938
Annual Tax Amount $8,553
Lot Size 7,013 Sqft
Acres 0.161
Lot Dimensions 50x127
Property Sub-Type Duplex
Property Description
INVESTOR OPPORTUNITY! Knox Henderson Full Duplex on 7009 sqft Lot. Selling for lot value. This investment analysis details a unique opportunity to acquire a 7,009 square foot lot with a full duplex and detached garage in the highly desirable Knox-Henderson area of Dallas, also known as Cochran Heights. This prime location, with its mix of charming historic homes and modern new construction, makes the property a versatile asset for a range of investment strategies. Cochran Heights is a vibrant, walkable neighborhood with a high-income, highly educated population of young professionals. The area's strong appeal is driven by its close proximity to acclaimed restaurants, cafes, boutiques, and entertainment venues on Henderson Avenue and Knox Street. The lot's size is a significant advantage, exceeding the city's minimum requirements for both single-family and duplex development, which offers substantial flexibility.
Alternatively, for an investor with a higher risk tolerance and development experience, a ground-up development project offers the potential for maximum returns. The 7,009 sq ft lot is large enough to support a new, high-end single-family home or a brand-new duplex. New construction in this neighborhood has commanded sales prices well over $1 million, with some reaching as high as $2.25 million, demonstrating the strong demand for new inventory. A new duplex, in particular, would allow an investor to maximize the lot's income potential while still meeting the City of Dallas's zoning and setback requirements for multi-family residences in this area.
Location
State TX
County Dallas
Direction From 75 take Knox Henderson exit Go east on Henderson take first right on Willis then immediate left on Pershing St Home is towards the end of street on the left
Interior
Interior Features Other
Heating Central,Natural Gas
Cooling Central Air,Electric
Flooring Laminate
Fireplace No
Exterior
Parking Features Driveway,Garage,On Street
Garage Spaces 2.0
Pool None
Utilities Available Natural Gas Available,Sewer Available,Separate Meters,Water Available
Water Access Desc Public
Roof Type Composition
Total Parking Spaces 2
Garage Yes
Building
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Geneva Heights
Middle Schools Long
High Schools Woodrow Wilson
School District Dallas Isd
Others
Tax ID 00000193168000000
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21061033