7510 Ridgewick Drive, Dallas, TX
Locations
7510 Ridgewick Drive, Dallas, TX
Descriptions
Sun Ray Asset Group acquired this value-add opportunity in Southeast Dallas for approximately $218,250 with a projected renovation budget of ~$45,000.
Projected ARV: ~$325,000
The business plan includes a full interior and exterior renovation with the potential to convert the property into a 4-bedroom residence, increasing both resale value and long-term rental demand.
Located in a rapidly improving Southeast Dallas corridor, the property benefits from continued residential redevelopment, infrastructure investment, population growth, and strong demand for affordable renovated housing throughout the Dallas metroplex. The area continues to experience appreciation driven by limited housing inventory and ongoing public and private investment across Southern Dallas.
- Strong acquisition price at ~$218,250
- Estimated ARV of ~$325,000
- Low rehab basis of approximately ~$45,000
- Attractive long-term rental and refinance potential
- Potential 4-bedroom conversion to increase value
- Significant forced appreciation opportunity
- Strong long-term appreciation potential
- Increasing demand for renovated workforce housing
Gallery
Strategic Acquisitions, Disciplined Execution and Long-Term Growth
Build long-term wealth through strategic residential investments that grow over time