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… Read More 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 Read Less
Courtesy of VIP Realty, Calvin Lyman.
Listing Snapshot
Days Online
40
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
1,623
Lot Size
0.21 Acres
Year Built
1960
MLS Number
21262178
Additional Details
Property Access
Road surface type: Asphalt
Appliances & Equipment
GasCooktop, GasOven, GasWaterHeater
Building
Built in 1960, Architectural style: Traditional, Detached, Construction materials: WoodSiding, Levels: One, 1, Structure type: House
