Lake Dallas, TX 75065 5515 Knights Court

5515 Knights Court Lake Dallas, TX - Image 15515 Knights Court Lake Dallas, TX - Image 2
  • North Texas Real Estate Info Systems (NTREIS) - 37 - TX
  • MLS# 21085396
  • 10/18/2025
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Presented By: Dwayne Marshall with All City Real Estate Ltd. Co; 817-617-9781
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
  • Beds • 3
  • Baths • 2
  • Garage • 2
  • Year Built • 1976

Home Details

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.
Presented By: Dwayne Marshall with All City Real Estate Ltd. Co; 817-617-9781

Interior Features for 5515 Knights Court

Bedrooms

Total Bedrooms3

Bathrooms

Half Baths0
Total Baths2

Other Interior Features

Fireplace FeaturesWood Burning
Fireplaces Total1
FlooringLuxury Vinyl Plank
Interior FeaturesDecorative Lighting, Granite Counters, Vaulted Ceiling(s), Walk-In Closet(s)
Lock Box TypeSupra
Total Units1
Unit Count1

General for 5515 Knights Court

# of Buildings1
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
Capitalization Rate4.45
Carport Spaces2
CityLake Dallas
Complex NameKings Manor
Construction MaterialsBrick, Wood
CoolingCeiling Fan(s), Central Air, Electric
CountyDenton
DirectionsFrom I35 E headed north toward Denton exit Swisher, go right on Swisher go 1.2 miles turn right on N Shady Shores Dr, then left on Kings Manor, house on corner of Kings manor and Knights Court. No sign
Elementary SchoolLake Dallas
Elementary School NameLake Dallas
Exclusionsnone
Full Baths2
Gross Annual Expenses9988.00
HOA TypeNone
HeatingCentral, Electric
High SchoolLake Dallas
Insurance Expense1722
LevelsOne
Listing TermsCash, Conventional
Number of Garage Spaces2
Occupant TypeTenant
Operating Expense IncludesMaintenance, Professional Management
Pool Y/NNo
PossessionLease Outstanding
Property SubtypeMultiple Single Units
Property TypeResidential Income
RoofComposition
School DistrictLake Dallas ISD
Standard StatusActive
StatusActive
Subdivision NameKings Manor Add Ph 1 & 2
Unexempt Taxes5806
UtilitiesCity Sewer, City Water, Concrete, Electricity Connected
Virtual Tour URL UnbrandedClick here
Will SubdivideYes
Year Built1976
Year Built DetailsPreowned

Exterior for 5515 Knights Court

Attached Garage Y/NYes
Building Area Total1458.00
Covered Spaces2
FencingWood
Foundation Slab
Garage Length21
Garage Width21
Garage Y/NYes
Lot FeaturesCorner Lot, Cul-De-Sac
Lot Size Acres0.1470
Lot Size Area0.1470
Lot Size Square Feet6403.3200
Lot Size UnitsAcres
Number Of Parking Spaces2
Parking FeaturesAlley Access, Carport, Garage Door Opener
WaterfrontNo

Additional Details

Price History

Schools

Middle School N/A
Elementary School Lake Dallas Elementary School
High School N/A

Suzanne Smith

Broker/Owner
Price $328,000
MLS#21085396
List Date 10/18/2025
Property Type Multi-Family
Phone 903.235.4216
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