Every week, I search for something we’d think of as an attainable property in Dallas. In other words, something under a million! This historic 1923 Peak’s Suburban Addition Craftsman duplex is a wonderful opportunity. You can offset your mortgage by living on one side and renting out the other, and it’s well under the seven-figure mark.
I came very close to doing this when I was looking for my first home with my former husband. I almost bought a lovely duplex next to a park in East Dallas. In retrospect, it would have been a very smart move for a young married couple. A duplex is also a great opportunity for so many other lifestyle scenarios. Consider this: one of my friends has had a happy and long marriage and says it’s because she lives on one side and her husband on the other. Imagine that. Imagine no snoring, no shared bathroom space, and loading the dishwasher your way! They have date nights when they want to see each other. I think it’s brilliant.
This Peak’s Suburban Addition Craftsman duplex would also be a terrific multi-generational property. Whether you have parents or a college grad on one side, it’s a lot easier to have family close by than across town.
Yet another great option is to buy this historic duplex as an investment property. It’s already listed as two distinct, successfully established, separate short-term rentals on Airbnb. You can have a turnkey revenue stream the moment you sign the papers. Check out Farmhouse Dallas Vibe and Upscale Modern Chic on the Airbnb platform.
Both units are fully renovated and have keyless entries. Each features two bedrooms and one bathroom for a total of 2,352 square feet. The beauty of purchasing a property that has been a short-term rental is that you know everything has been properly maintained, because remember, guests get to review their stays. You don’t stay in business without good reviews.
The Peak’s Suburban Addition Craftsman duplex is in one of the loveliest neighborhoods in Dallas. It’s the oldest historic district in the city and is also listed on the National Register of Historic Places. Walking around the neighborhood, you will find Victorian, Prairie, Craftsman, and streetcar apartments, which is no doubt what this property was since it’s directly across from Buckner Park.
With historic charm, modern updates, a central location, and complete financial flexibility, this one will not be on the market for long!…