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Marissa Fontanez

[email protected] +1(214) 789-9187

$239,900

Est. payment - /mo

3 Beds

1 Bath

1,623 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,623 sqft

Subdivision Mary H Lovern

MLS Listing ID 21262178

Style Traditional

Bedrooms 3

Full Baths 1

HOA Y/N None

Year Built 1960

Annual Tax Amount $5,592

Lot Size 9,169 Sqft

Acres 0.2105

Property Sub-Type Single Family Residence

Property Description

HUGE price reduction!

Investor opportunity in Cedar Hill! 161 Hood St is being offered, either as a separate purchase, or together with 163 Hood St and 309 S Main St.

161 Hood features an occupied single-family rental with in-place lease income and a rear shed area that includes a one-bedroom apartment setup. For the right investor, additional improvements such as plumbing updates, utility separation, split meter work, and any required permits or approvals may create an opportunity to further improve income potential.

HVAC installed in 2012. New roof installed in 2022.

P&L statements for the last 12 months, seller disclosures, leases, and additional portfolio documents are available in MLS supplements. Buyer and buyer's agent to verify all details.

Rear shed or workshop contains a one-bedroom apartment setup; seller makes no representation regarding permitted status, separate utility capability, habitability, or future rent potential. Buyer to perform all due diligence. Showings to be coordinated with tenant notice and or as agreed by seller.

Current scheduled rents: $4,800 monthly, $57,600 annually. Staggered lease expirations through 2026–2027. Current gross rent multiplier: approx. 12.7x at list price. Buyer to verify taxes, insurance, expenses, lease terms, condition, and future rent potential.

Being sold individually or as a package alongside #21262206 and #21262052

Location

State TX

County Dallas

Direction Leave from N Highway 67. Turn right onto Hood St. Home is on the Right.

Rooms

Dining Room 1

Interior

Interior Features Cable TV Available, High Speed Internet Available

Heating Central, Natural Gas

Cooling Ceiling Fan(s), Central Air, Electric, Roof Turbine(s)

Flooring Hardwood, Laminate, Vinyl

Appliance Gas Cooktop, Gas Oven, Gas Water Heater

Heat Source Central, Natural Gas

Exterior

Carport Spaces 2

Fence Chain Link

Utilities Available Asphalt, Cable Available, City Sewer, City Water, Electricity Connected, Individual Gas Meter, Individual Water Meter, Natural Gas Available

Roof Type Shingle

Total Parking Spaces 2

Garage No

Building

Lot Description Few Trees, Level

Story One

Foundation Pillar/Post/Pier, Slab

Level or Stories One

Structure Type Siding,Wood

Schools

Elementary Schools Highpointe

Middle Schools Besse Coleman

High Schools Cedar Hill

School District Cedar Hill Isd

Others

Acceptable Financing 1031 Exchange, Other

Listing Terms 1031 Exchange, Other

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21262178

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Calvin Lyman • VIP Realty

NEARBY SCHOOL & BUSINESS

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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.

+1(214) 789-9187

[email protected]

6301 Gaston, Dallas, Texas, 75214, United States

161 Hood Street Cedar Hill, TX 75104