Address
242 W Cober Drive, Grand Prairie, TX
Price
$ 249,900
Property Attributes
- MLS#21345521
- TypeSingle Family
- Listing Status Active
- CountyDALLAS
- CityGrand Prairie
- NeighborhoodInglewood Terrace
- Zip75051
- StyleRanch
- Year Built1958
- Taxes$ 7573
- Price$ 249,900
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage1104
- Lot Size0.223 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
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 providing 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.
| Elementary School |
|---|
| Seguin Elementary School |
| Price History | |
|---|---|
| 7/30/2026 | Listed $249,900 |
General Features
| Utilities | City Sewer,City Water |
|---|---|
| Possession | Subject to Lease |
| Roof | Composition |
| Appliances | Dishwasher,Disposal,Gas Range |
| School District | Grand Prairie ISD |
| Year Built | 1958 |
| Architectural Style | Ranch |
| Levels | One |
| Unexempt Taxes | 7573 |
| Will Subdivide | No |
| Property Subtype | Single Family Residence |
| Subdivision Name | Inglewood Terrace |
| Transaction Type | For Sale |
| Carport Spaces | 2 |
| County | Dallas |
| Property Type | Residential |
| Construction Materials | Brick |
| HOA Type | None |
| Full Baths | 3 |
| Status | Active |
| Directions | GPS |
| City | Grand Prairie |
| Elementary School Name | Seguin |
| High School | South Grand Prairie |
| Elementary School | Seguin |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/21345521 |
| Standard Status | Active |
| Listing Terms | 1031 Exchange,Cash,Conventional |
Interior Features
| Interior Features | Cable TV Available,Decorative Lighting,Eat-in Kitchen,High Speed Internet Available,In-Law Suite Floorplan |
|---|---|
| Flooring | Ceramic Tile,Combination,Tile,Vinyl,Wood Under Carpet |
| Dining Areas | 1 |
| Living Areas | 1 |
| Room Count | 6 |
| Lock Box Type | Combo |
| Total Bedrooms | 4 |
| Total Baths | 3 |
| Laundry Features | Full Size W/D Area |
Exterior Features
| Parking Features | Additional Parking,Alley Access,Carport |
|---|---|
| Lot Size | Less Than .5 Acre (not Zero) |
| Covered Spaces | 2 |
| Foundation | Slab |
| Lot Size Area | 0.2230 |
| Lot Size Units | Acres |
| Structural Style | Single Detached |
| Lot Size Square Feet | 9713.8800 |
| Lot Size Acres | 0.2230 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 75051
Price
Taxes
Year Built
Visits
© 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor M&D Real Estate - Forney shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
