Property Description:

Modern apartment living at 2929 Kings Rd, Dallas, TX 75219, offering 1-bedroom, 2-bedroom, and 3-bedroom units with luxury finishes and resort-style amenities. Located just 2 miles (approximately 7 minutes) from downtown Dallas, this community provides the perfect blend of comfort, convenience, and accessibility.

A 3-bedroom, 2-bathroom unit (608) will be available on March 7, with lease terms ranging from 6-13 months. Rent starts at $1,803 for a 6-month lease, with pricing based on lease length.

Investment Highlights

• Estimated Annual Revenue for 3-Bedroom, 2-Bath: $63,200 - $89,000+
• Monthly Profit Estimate: $3,451+
• No security deposit (credit-based monthly charge: $5-$50)
• 1-2 Bedroom Units: $1,499 – $1,799/month, available for immediate lease
• Move-in specials vary based on lease timing

Apartment Features

• High-speed internet access
• In-unit washer/dryer or washer/dryer hookup
• Ceiling fans & air conditioning
• Fireplace (select units)
• Cable ready
• Quartz countertops & stainless steel appliances
• Dishwasher, microwave, oven, range, & refrigerator
• Luxury cabinets, backsplashes, and brushed nickel hardware
• Walk-in closets & pantry
• Wood plank vinyl flooring
• Private balcony or patio

Community Amenities

• Sparkling swimming pool
• Fully equipped fitness center
• Business center & clubhouse
• Controlled access & on-site management
• Package receiving & on-site maintenance
• Playground & dog park

Rental Terms & Fees

• Lease Length: 6-13 months
• Rent Based on Lease Term: Starting at $1,803 for a 6-month lease
• Credit-Based Monthly Charge (No Security Deposit): $5-$50/month
• Utilities: Not included
• 1-2 Bedroom Units: $1,499 – $1,799/month, available immediately

‍

As of February 2025, Dallas is not actively enforcing its short-term rental (STR) regulations for non-owner occupied properties due to ongoing legal challenges. Here's the current situation:

1. The Dallas City Council passed ordinances in June 2023 that effectively banned STRs in single-family neighborhoods and imposed strict regulations on those operating in other areas24.
2. However, these ordinances are currently under a temporary injunction filed in December 2023, preventing the city from enforcing the new rules23.
3. The Texas 5th District Court of Appeals is currently deciding whether Dallas can prohibit STRs in single-family neighborhoods3. As of the latest information available, no ruling has been made on this matter5.
4. While the injunction is in place, STRs are operating legally within Dallas neighborhoods, including in single-family zoned areas2.
5. The city is still enforcing existing ordinances on property standards and disturbances1, but the specific STR regulations passed in 2023 are not being implemented due to the ongoing legal battle.
6. Some council members, like Chad West, have suggested revisiting the STR ordinance, arguing that it's "not working" and potentially causing the city to miss out on significant tax revenue26.

In summary, while Dallas has passed laws regarding non-owner occupied STRs, these are not currently being enforced due to legal challenges. The situation remains in flux, with potential for changes depending on court rulings and further council actions.