5020 Pershing St, Dallas, TX 75206

$590,000
: 2
BD
: 2
BA

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List Price: $590,000
Status: ACTIVE
Price Change: ▼ $59,000 1764722648
MLS#: 21061033
Subtype: ResidentialIncome
Construction Status: Preowned
Year Built: 1938
Bedrooms: 2
Bathrooms: 2
Full Baths: 2
Lot Size: 7,013
Acres: 0.16
Subdivision: Cochran Heights
Building Name: Cochran Heights

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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.

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