UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Rose Hill
MLS Listing ID 21045683
HOA Y/N None
Annual Tax Amount $66
Lot Size 0.476 Acres
Acres 0.476
Property Sub-Type Unimproved Land
Property Description
Why Buy an SF-5 Lot?
Building here gives you options:
Main House Only (3 BR): $1,500–$2,000per month rental value
Main House + ADU: Live in one and rent the other for $600–$1,000per month — or rent both for $2,100–$3,000+per month
An ADU can help offset your mortgage, provide space for family, or create extra income. This lot lets you build a home that also pays you back.
Potential Income from Building on an SF-5 Lot
In SF-5 zoning, income-generating options include:
1. Single-Family Rental Home
2. Accessory Dwelling Unit (ADU)
3. Combined Rental Scenario – rent both units separately
4. Bed & Breakfast (with Specific Use Permit) – more complex
Let us estimate monthly income under realistic scenarios:
*Scenario A: Build a Main House Only
*A 3-bedroom house could rent for approximately $1,500–$2,000per month, based on current listings.
*Scenario B: Build a Main House + ADU
*Main House (3 BR): $1,500–$2,000per month
*ADU (1–2 BR unit): likely $600–$1,000per month depending on size and finishes
*Combined Total: $2,100–$3,000+per month
*This model effectively doubles income potential.
Even More, you could try and rezone this lot to light commercial like the neighboring lots and therefore increase your income generating property to another level. come get it before is gone!!
Location
State TX
County Hill
Zoning Residential zoned SF-5
Direction drive to this address 320 Dexter Street, Hillsboro, TX 76645 the lot is right across the street Infront of this address on the corner of Dexter street and Ross Ave
Exterior
Utilities Available City Sewer, City Water, Electricity Available
Garage No
Building
Lot Description Acreage, Corner Lot
Schools
Elementary Schools Hillsboro
High Schools Hillsboro
School District Hillsboro Isd
Others
Restrictions No Known Restriction(s),No Restrictions,None
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21045683
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.