University Park, TX 75225 3445 Lovers Lane

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Presented By: Susan Baldwin with Allie Beth Allman & Assoc.; 214-763-1591
  • MLS# 20915363
  • 05/12/2025
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 7
  • SQFT • 5,666
  • Garage • 3

Home Details

This is the Prime Investment Opportunity in the Heart of University Park that is so difficult to find! This well-maintained, income-producing 4-plex offers exceptional value in an unbeatable location — just steps from the tennis courts, playgrounds, green spaces of Curtis Park, the UP pool, and University Park Elementary. Owned by the same family for many years, this property has been thoughtfully and consistently upgraded to ensure long-term stability and appeal. Recent major improvements include a complete HVAC system replacement, installation of a rear staircase, energy-efficient replacement windows, a new Class 4 impact-resistant roof (2025), new gutters, replacement of all hot water heaters, and a rebuilt front porch. The owner's unit, a spacious 3-bedroom apartment, features a fully remodeled kitchen and bathroom with stylish, modern finishes. Each of the four apartments is unique, bright, freshly painted, and carefully maintained. The three rental units have long-term tenants, offering solid and reliable rental income. Located near the exciting redevelopment around Snider Plaza, this property not only offers immediate returns but also strong potential for future value appreciation.
Presented By: Susan Baldwin with Allie Beth Allman & Assoc.; 214-763-1591

Interior Features for 3445 Lovers Lane

Bedrooms

Total Bedrooms7

Bathrooms

Half Baths0
Total Baths7

Other Interior Features

Fireplace FeaturesGas Logs, Wood Burning
Unit Count4
Fireplaces Total3
Lock Box TypeNone
Window FeaturesWindow Coverings
Basement Y/NNo
FlooringCarpet, Wood
Interior FeaturesCable TV Available, Decorative Lighting, Eat-in Kitchen, High Speed Internet Available, Multiple Staircases, Open Floorplan, Vaulted Ceiling(s)
Occupancy Rate75
Total Units4

General for 3445 Lovers Lane

# of Buildings2
Accessory Unit TypeGuest Quarters
Accessory Unit Y/NYes
AppliancesBuilt-in Refrigerator, Dishwasher, Disposal, Dryer, Refrigerator, Washer
Capitalization Rate4.43
Carport Spaces3
CityUniversity Park
Community FeaturesJogging Path/Bike Path, Pickle Ball Court, Playground, Pool, Restaurant, Sidewalks, Tennis Court(s)
Complex Name3445 Lovers Lane
Construction MaterialsBrick
CoolingCentral Air, Electric, Zoned
CountyDallas
DirectionsLocated one off the corner of Dickens and Lovers Lane, on the south side of the street, with close proximity to University Park Elementary, Curtis Park and the UP Pool, and Snider Plaza.
Elementary SchoolUniversity
Elementary School NameUniversity
Full Baths7
Gross Annual Expenses28000.00
HOA TypeNone
HeatingCentral, Natural Gas, Zoned
High SchoolHighland Park
Insurance Expense10624
LevelsTwo
Listing Terms1031 Exchange, Cash, Conventional
Number of Garage Spaces3
Occupant Namesee agent
Occupant TypeTenant
Pool Y/NNo
PossessionClosing/Funding, Negotiable
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
School DistrictHighland Park ISD
Standard StatusActive
StatusActive
Subdivision NameHursey
TenancyNo Sublease, Over 9 Months, Pet Restrictions, Pets Allowed
UtilitiesAlley, City Sewer, City Water, Curbs, Electricity Available, Electricity Connected, Individual Gas Meter, Individual Water Meter, Master Gas Meter
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1937
Year Built DetailsPreowned

Exterior for 3445 Lovers Lane

Attached Garage Y/NYes
Building Area Total5666.00
Covered Spaces3
Exterior FeaturesBalcony, Rain Gutters
Foundation Pillar/Post/Pier
Garage Y/NYes
Lot FeaturesInterior Lot, Landscaped, Park View, Sprinkler System
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.1610
Lot Size Area0.1610
Lot Size Dimensions52x135
Lot Size SourcePublic Records
Lot Size Square Feet7013.1600
Lot Size UnitsAcres
Number Of Parking Spaces6
Parking FeaturesAdditional Parking, Alley Access, Circular Driveway, Garage Door Opener, Garage Faces Rear, Parking Pad
Patio And Porch FeaturesCovered, Patio
WaterfrontNo

Additional Details

Price History

Schools

Middle School N/A
Elementary School University Elementary School

Rodney Edwards

Associate Broker
Price $2,250,000
MLS#20915363
List Date 05/12/2025
Property Type Multi-Family
Phone 903.752.4007
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