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
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.
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.
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.
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.
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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Sean Parsons
Parsons Realty Team | License ID: 0591907
Parsons Realty Team License ID: 0591907