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L3 Property Group

l3office@luxlandlifestyle.com +1(817) 556-1153

$ 475,000

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7126 Holly Hill DR Dallas, TX 75231

9 Beds

9 Baths

647 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 647 sqft

Price per Sqft $734

Subdivision Parktown Collection Condos

MLS Listing ID 21383596

Bedrooms 9

Full Baths 9

Construction Status Resale

HOA Fees $118/mo

HOA Y/N Yes

Year Built 1983

Annual Tax Amount $2,316

Lot Size 0.918 Acres

Acres 0.918

Property Description

Nine doors, fully leased, and dues that stay out of the way. Park Town is nine individually deeded condominiums offered as a single portfolio, one hundred percent occupied, producing $83,700 in gross scheduled income and net operating income of approximately $29,759 — a 6.2% return at list price, based on 2026 scheduled rents and 2026 assessed values. The dues are the reason. At $105 to $129 per unit per month, Park Town's assessments are a fraction of what condominium ownership usually costs. At list the portfolio prices near $83 per square foot — below every individual unit sale recorded in this community over the past eighteen months, which closed between $85.01 and $115.92 per foot. That is $52,778 a door against individual sales of $55,000, $57,000, $65,000 and $75,000.
Nine separate deeds mean nine separate exits: hold the portfolio for income, finance in tranches, or release units to the retail market one at a time as leases roll. Two miles to NorthPark Center, three to SMU, and walking distance to the White Rock Creek Greenbelt and its miles of trails, with Central Expressway minutes away.

Fourteen additional units at Copperrun, same street, available separately at $875,000 MLS #21376620— or take all 23 units for $1,300,000, a $50,000 savings, on simultaneous close. Rent roll, 2025 expense detail, association budget and closed comparables upon executed confidentiality agreement. Buyer to verify all income and expense figures, dues, rental policies, association unit count and assessments. Do not disturb tenants; showings by appointment through listing agent.

Location

State TX

County Dallas

Direction gps

Interior

Interior Features Pantry

Heating Central, Electric

Cooling Central Air, Electric

Flooring Carpet, Laminate

Fireplace No

Appliance Electric Range

Exterior

Parking Features Assigned, Covered

Pool None

Utilities Available Sewer Available, Water Available

Water Access Desc Public

Roof Type Composition

Total Parking Spaces 9

Private Pool No

Building

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Resale

Schools

Elementary Schools Jack Lowe Sr

Middle Schools Tasby

High Schools Conrad

School District Dallas Isd

Others

HOA Name Parkview Collection Condo Assoc

HOA Fee Include Maintenance Grounds

Tax ID 00C55770000A00104

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

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L3 Property Group

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L3 Property Group

7126 Holly Hill DR Dallas, TX 75231

Key Details

Location

Interior

Exterior

Building

Schools

Others

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7126 Holly Hill DR