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 eXp Realty in Metrotex 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
