About 5515 Knights Court
Prime Investment Opportunity: 5515 Knights Ct, Lake Dallas, TX Turnkey Rental with Guaranteed Income – Lease Secured Through August 31, 2026! Attention savvy investors: Secure immediate cash flow with this 3-bedroom, 2-bathroom gem on a spacious corner lot in the serene, family-friendly neighborhood of Lake Dallas. Current long-term tenants are locked in under a reliable lease, delivering hands-off returns through summer 2026 – no vacancy worries, just steady rent checks rolling in! Key Investor Highlights :Proven Revenue Stream: Existing lease ensures zero downtime – tenants love it here and plan to stay! Move-In Ready Updates: Freshly renovated kitchen (quartz counters, stainless appliances, sleek cabinetry) and bathrooms (modern vanities, tiled showers) boost appeal and minimize capex. Features stone fireplace, and vaulted ceilings with rear entry garage. Prime Location Perks: Quiet cul-de-sac setting just minutes from Lake Dallas for boating, fishing, and waterfront recreation. Easy access to I-35E for DFW commuters – high-demand rental market with low turnover. Lot & Layout Advantages: Generous corner lot offers curb appeal, extra parking, and future expansion potential (fenced yard, mature trees). Bed-Bath Breakdown: 1,458 sq ft of comfortable living space – perfect for families, yielding top-tier rents in this appreciating area.
Features of 5515 Knights Court
| MLS® # | 21085396 |
|---|---|
| Price | $328,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Acres | 0.15 |
| Year Built | 1976 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 5515 Knights Court |
|---|---|
| Subdivision | Kings Manor Add Ph 1 & 2 |
| City | Lake Dallas |
| County | Denton |
| State | TX |
| Zip Code | 75065-2647 |
Amenities
| Utilities | City Sewer, City Water, Concrete, Electricity Connected |
|---|---|
| Parking Spaces | 2 |
| # of Garages | 2 |
| Garages | Alley Access, Carport, Garage Door Opener |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Decorative Lighting, Granite Counters, Vaulted Ceiling(s), Walk-In Closet(s) |
|---|---|
| Heating | Central, Electric |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Wood Burning |
Exterior
| Lot Features | Corner Lot, Cul-De-Sac |
|---|---|
| Roof | Composition |
| Construction | Brick, Wood |
| Foundation | Slab |
School Information
| District | Lake Dallas ISD |
|---|---|
| Elementary | Lake Dallas |
| Middle | Lake Dallas |
| High | Lake Dallas |
Additional Information
| # of Fireplaces | 1 |
|---|---|
| Flooring | Luxury Vinyl Plank |
| Net Income | $14,612 |
| Building Sqft | 1,458 |
| # Units | 1 |
Listing Details
| Agent | Dwayne Marshall |
|---|---|
| Office | All City Real Estate Ltd. Co |
| Contact Info | 817-617-9781 |