9571 Gonzales Drive Dallas, TX 75227

9571 & 9575 Gonzales is a duplex that is currently fully occupied by long-term tenants. Unit 9575 is currently leased for $1350 per month on a month-to-month basis, while unit 9571 is leased for $1400 per month until August 2024. This presents a potential opportunity to increase the value of the property. The comparable rental prices suggest that rents of up to $1600 per unit are achievable with some renovations. After renovation, the property can be sold for $200k per unit. Both units are identical with 2 bedrooms and 2 bathrooms each, and mirror each other in layout. Unit 9575 has a larger yard because it is on the corner. A recent appraisal came in above list price, giving the new owner instant equity.