242 W Cober Drive, Grand Prairie, Texas, 75051
$239,000
1,104 Sqft
0.22 Acres
4 bd
3 ba
#21345521
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.
PROPERTY FEATURES
- Utilities : City Sewer,City Water
- Parking Features: Additional Parking,Alley Access,Carport
- 2 Carport Spaces
- 2 Covered Spaces
- Lot Features : Composition
- Architectural Style : Ranch
- Structural Style : Single Detached
- Construction Materials: Brick
- Foundation Details: Slab
- Interior Features: Cable TV Available,Decorative Lighting,Eat-in Kitchen,High Speed Internet Available,In-Law Suite Floorplan
- Appliances : Dishwasher,Disposal,Gas Range
- Flooring : Ceramic Tile,Combination,Tile,Vinyl,Wood Under Carpet
- LaundryFeatures : Full Size W/D Area
- Levels : One
- Green Verification Count : 0
PROPERTY DETAILS
ID: 21345521
Status: Active
Price: $239,000
Acres: 0.22 Acres
Price Per Acre: $1,071,749
Type: Single Family / Detached
Address: 242 W Cober Drive
City, State: Grand Prairie, Texas
County: Dallas
Zip Code: 75051
Lat/Long: 32.716839, -97.006827
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