Courtesy: DHS Realty
INVESTOR SPECIAL!!! DUPLEX 6-bedroom, 2-bath home in Cedar Hill. This well-maintained property features a spacious living area, updated appliances, new flooring, 4 parking spaces and a cozy backyard perfect for entertaining. Conveniently located near amenities and in a family friendly neighborhood. Both units are currently rented. Do Not Disturb Tenants!!! Recent rental comps around $2100
Courtesy: RE/MAX Preferred Associates
972-293-4550
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.
Cedar Hill is located in Texas. Cedar Hill, Texas has a population of 48,968. Cedar Hill is more family-centric than the surrounding county with 33.87% of the households containing married families with children. The county average for households married with children is 32.82%.
The median household income in Cedar Hill, Texas is $77,703. The median household income for the surrounding county is $65,011 compared to the national median of $69,021. The median age of people living in Cedar Hill is 34.6 years.
The average high temperature in July is 94.8 degrees, with an average low temperature in January of 34.1 degrees. The average rainfall is approximately 40.8 inches per year, with 0.3 inches of snow per year.
