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242 W Cober Drive

Grand Prairie, Texas 75051
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Bed 4

Bed

Bath 3

Bath

SqFt1,104

Sqft

Acres0.22

Acre(Lot)

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 providin g 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.

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Detail Ic Property Details

Property Type : Residential

Price : $249,900

AD Id : 88623284

MLS Id : 569375498

Beds : 4

Lot Size : 0.22 Acre

Living Area Size : 1,104

Year Built : 1958

County : Dallas

Subdivision: Inglewood Terrace

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Feature Features

  • Bedroom Information

    Total Bedrooms: 4

    Bathroom Information

    Total Baths: 3 Full Baths: 3 Half Baths: 0
  • Interior Features

    Cable TV Available,Decorative Lighting,Eat-in Kitchen,High Speed Internet Available,In-Law Suite Floorplan

    Appliances

    Dishwasher,Disposal,Gas Range

    Utilities

    City Sewer,City Water
  • Fireplace

    Number of Fireplaces: 0

  • Building Information

    Built Year: 1958 Construction: Brick Roof Type: Composition
  • Foundation

    Slab
  • Laundry Features

    Full Size W/D Area

    Construction Materials

    Brick

  • Lot Information

    Lot Size (Acr): 0.2230 Lot Size Units: Acres Lot Size Square Feet: 9,714
  • Property Information

    SQ ft (Living Area): 1,104 Property Type: Residential Property Sub Type: Single Family Residence Architectural Style: Ranch Subdivision: Inglewood Terrace City: Grand Prairie State: Texas Directions: GPS Property Status: Active Levels: One Property Age: 68

  • Listing Price Information

    Original List Price: $249,900 List Price Tot SqFt: $226
  • Listing Information

    Possession: Subject to Lease

  • Tax Information

    Parcel Number: 28098500120030000 Tax Block: 11012 Tax Legal Description: INGLEWOOD TERRACE BLK 1/1012 LOT 3 Tax Lot: 3 Unexempt Taxes: $7,573

  • Parking Information

    Carport Spaces: 2 Parking Features: Additional Parking,Alley Access,Carport
  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Seguin Middle School: Fannin High School: South Grand Prairie School District: Grand Prairie ISD
  • Utility Information

    Utilities: City Sewer,City Water
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2441 Miller Street, Grand Prairie, TX, 75051 $279,000 3 2 1,101 1,101 SqFt
1825 Avenue B, Grand Prairie, TX, 75051 $225,000 3 2 1,122 1,122 SqFt
1501 Lakeview Drive, Grand Prairie, TX, 75051 $429,500 3 3 2,672 2,672 SqFt
2461 Lisa Street, Grand Prairie, TX, 75051 $225,000 3 2 1,020 1,020 SqFt
2221 Varsity Drive, Grand Prairie, TX, 75051 $219,000 4 2 1,800 1,800 SqFt
926 SE 5th Street, Grand Prairie, TX, 75051 $199,000 3 2 1,392 1,392 SqFt
202 E Cober Drive, Grand Prairie, TX, 75051 $285,950 4 2 1,506 1,506 SqFt
905 SE 3rd Street, Grand Prairie, TX, 75051 $269,000 4 2 1,442 1,442 SqFt
1610 Kingston Drive, Grand Prairie, TX, 75051 $275,000 4 2 1,482 1,482 SqFt
1617 Camara Court, Grand Prairie, TX, 75051 $319,999 4 2 1,744 1,744 SqFt
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 08/18/2026 @ 11:32

MLS: 569375498 LISTED BY: Neven Price, Blue Atlas Realty 817-437-0403 SOURCE: NTREIS - North Texas Real Estate Information

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