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$239,000

242 W Cober Drive, Grand Prairie, TX 75051

4 bd 3 ba 1,104 sq ft House · Built 1958

Price / sq ft$216
Lot0.22 acres
Built1958
Stories1
SchoolsGrand Prairie ISD
ElementarySeguin
SubdivisionInglewood Terrace
MLS #21345521

About this home

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.

Features

  • Inside: DecorativeDesignerLightingFixtures,EatInKitchen,HighSpeedInternet,InLawFloorplan,CableTv
  • Appliances: Dishwasher,Disposal,GasRange
  • Parking: AdditionalParking,AlleyAccess,Carport

Where it is

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Listing information comes from the North Texas Real Estate Information Systems (NTREIS) IDX program and is deemed reliable but not guaranteed. Price and status can change; the listing agent has the latest.