$1,550,000/mo

312 Hickerson Street 8, Cedar Hill, TX 75104

  • 14 beds |
  • 8 baths |
  • 6,786 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1985
  • Property Lot Size Icon0.48acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $228/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Profitable 8-unit multifamily investment in a close-knit community at 312 Hickerson. Each unit has its own HVAC system, approximately 8 years old. The complex includes four updated 2-bedroom, 2-bath units renting for $1,500-month, two two-bedroom, 2-bath units not updated at $1,100-month, one one-bedroom, one bath not updated at $950-month, and one updated one-bedroom, one bath, at $1,100-month. All units also have their own small fenced backyard. Five units have been fully renovated in the last 24 months, including stainless steel appliances, flooring, plumbing, and electrical fixtures. Annual rental income is approximately $123,000, with expenses including taxes ($25,800), insurance ($8,569), and management fees ($7,500), leaving a profit before taxes of about $81,131 and a market CAP rate of roughly 5.6%. Seventy percent of residents have lived in the community eight or more years, demonstrating stability and a well-established tenant base. Minimal ongoing maintenance and recent updates make this property a turn-key investment opportunity. EACH UNIT SQUARE FOOTAGE IS APPROXIMATE AND BASED ON PUBLIC RECORDS; IT HAS NOT BEEN INDEPENDENTLY VERIFIED. BUYER TO DO DUE DILIGENCE.

Listing Status:
Active
Listing Office:
RE/MAX Preferred Associates : 972-293-4550
Listing Agent:
Kellie Fancher :
MLS ID:
21061019
  • General: Cable TV
  • Appliances: DishwasherElectric RangeDisposalMicrowaveRefrigerator
  • Flooring: Vinyl
  • A/C: Central AirElectric
  • Heating: Central
  • Pool: None
  • Parking: AssignedParking LotParking spaces: 8
  • Roofing: Concrete
  • General: Brick1Slab
  • Originating MLS: NTR
  • School District: Cedar Hill ISD
  • County: Dallas
  • Zoning: 16004500010130000
  • Utilities: Sewer AvailableWater AvailableCable Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: NTR

This listing courtesy of Kellie Fancher, RE/MAX Preferred Associates

Location

Schools Nearby

B

Bray Elementary School

218 N Broad St, Cedar Hill, TX, 75104

Grades PK-5

0.50 miles away

W

W. S. Permenter Middle School

431 W Parkerville Rd, Cedar Hill, TX, 75104

Grades 6-8

0.71 miles away

C

Cedar Hill High School

1 Longhorn Blvd, Cedar Hill, TX, 75104

Grades 9-12

0.37 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.