$590,000

5020 Pershing Street, Dallas, TX 75206

  • 2 beds |
  • 2 baths |
  • 1,116 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1938
  • Property Lot Size Icon7,013sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $529/sqft
  • Property List Date Icon Listed 3 months ago

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 single-family development. 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. 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.

Listing Status:
Active
Listing Office:
Coldwell Banker Apex, REALTORS : 972-783-1919
Listing Agent:
Scott Hogg :
MLS ID:
21061033
  • General: Other
  • Flooring: Laminate
  • A/C: Central AirElectric
  • Heating: CentralNatural Gas
  • Pool: None
  • Parking: DrivewayGarageOn StreetParking spaces: 2
  • Roofing: Composition
  • General: Wood Siding1Pillar/Post/Pier
  • Originating MLS: NTR
  • School District: Dallas ISD
  • County: Dallas
  • Zoning: COCHRAN HEIGHTS BLK F/1998 LOT 1 PERSHING ST00000193168000000
  • Utilities: Natural Gas AvailableSewer AvailableSeparate MetersWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: NTR

This listing courtesy of Scott Hogg, Coldwell Banker Apex, REALTORS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Ben Milam Elementary School

4200 McKinney Ave, Dallas, TX, 75205

Grades PK-5

0.21 miles away

J

J.L. Long Middle School

6116 Reiger Ave, Dallas, TX, 75214

Grades 6-8

2.30 miles away

W

Woodrow Wilson High School

100 S Glasgow Dr, Dallas, TX, 75214

Grades 9-12

2.26 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.