242 W Cober Drive,Grand Prairie, TX 75051
Grand Prairie, TX 75051
Description
Turnkey Investment Opportunity - Tenant in Place Through 04.28.2027! This cash-flowing rental is an excellent addition to any investment portfolio, currently leased at $2,150 per month with a Gross Rent Multiplier (GRM) of approximately 9.69. Enjoy immediate rental income with an established tenant already in place, eliminating vacancy and lease-up costs. This well-maintained 4-bedroom, 3-bath home offers features that continue to attract and retain quality tenants. The updated kitchen and bathrooms include stainless steel appliances, including a refrigerator, range, and dishwasher, while a full-size washer and dryer are also included for added tenant convenience. The spacious primary suite features a private ensuite bath and built-in wardrobes, with generous secondary bedrooms providing flexibility for families or roommates. Outside, the property offers a covered carport, fully fenced backyard, inviting front porch, and ample guest parking. Conveniently located with easy access to major highways, shopping, dining, and employment centers, this property is positioned in a strong rental market. Whether you're expanding your portfolio or completing a 1031 exchange, this is a true turnkey, income-producing investment with stable cash flow from day one.
Details
| MLS # | 21345521 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 22 |
| Listing Provided By | Blue Atlas Realty | Neven Price |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,104 |
| Car Port | Yes |
| Story(s) | 1 |
| Acreage | 0.22 |
Interior
| Room Count | 6 |
|---|---|
| Interior Features | Cable TV Available, Decorative Lighting, Eat-in Kitchen, High Speed Internet Available, In-Law Suite Floorplan |
| Appliances | Dishwasher, Disposal, Gas Range |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Slab |
Parking
| Garage Yn | 0 |
|---|---|
| Parking Features | Additional Parking, Alley Access, Carport |
Utilities
| Utilities | City Sewer, City Water |
|---|
Taxes
| Unexempt Taxes | 7573 |
|---|---|
| Tax Lot | 3 |
| Tax Block | 11012 |
| Tax Legal Description | INGLEWOOD TERRACE BLK 1/1012 LOT 3 |
Area Information
| State | TX |
|---|---|
| County | Dallas |
| City | Grand Prairie |
| Zip Code | 75051 |
| Area | Dallas |
| Community Name | Inglewood Terrace |
| School District | Grand Prairie ISD |
| Elementary School | Seguin |
| High School | South Grand Prairie |
| Listing VS Median (in Inglewood Terrace) | |
Price: $249,900 low | high Med: $337,900 sqft: 1,104 low | high Med: 1,701 $ / sqft: $226 low | high Med: $199 On site: 22 low | high Med: 14 | |
Market Activity 75051
Request a showing
Request a showing
Contact
Learn More About This Property
| State | TX |
|---|---|
| County | Dallas |
| City | Grand Prairie |
| Zip Code | 75051 |
| Area | Dallas |
| Community Name | Inglewood Terrace |
| School District | Grand Prairie ISD |
| Elementary School | Seguin |
| High School | South Grand Prairie |
| Listing VS Median (in Inglewood Terrace) | |
Price: $249,900 low | high Med: $337,900 sqft: 1,104 low | high Med: 1,701 $ / sqft: $226 low | high Med: $199 On site: 22 low | high Med: 14 | |
