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32011886
32011887

161 Hood Street, Cedar Hill, TX 75104

CL
TX 0849473
$714,900
41 days on market
Updated 18 days ago

161 Hood Street portfolio (3 properties)

Details
Property Type Retail, Multifamily (+1)
Sub Type Single Family Rental Portfolio
Square Footage 1,623
Cap Rate 3.87%
NOI $28,279
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 4.78%
Pro-Forma NOI $34,879
Price per SqFt $1,987
Acreage 0.210
Investment Type Stabilized
Ground Lease No
Sale Condition 1031 exchange

Residential income portfolio available individually, in combinations, or as a full package. $4,800/m

Marketing description

Presenting a three-property occupied rental portfolio in Cedar Hill, TX, offering investors the opportunity to acquire multiple income-producing single-family assets in one transaction. The portfolio includes 161 Hood St, 163 Hood St, and 309 S Main St, all located in Cedar Hill, TX 75104, and is currently producing $4,800/month in scheduled rental income, or $57,600/year.

Each property is tenant-occupied with in-place lease income, giving buyers immediate rental cash flow from day one. The portfolio also features staggered lease expirations, providing a useful blend of stability and future flexibility for rent adjustments, renewals, repositioning, or long-term hold strategy.

The offering is anchored by 161 Hood St, which includes a rear shed/workshop area with a one-bedroom apartment setup. With additional investment, including potential plumbing improvements, utility separation/split meter work, and any required city approvals or permits, this space may offer future value-add upside for the right investor.

This portfolio is well-positioned for a buyer seeking an income-producing residential rental package in the Cedar Hill market, with multiple paths for long-term ownership, operational improvement, and potential income growth. Properties are being sold as a portfolio only; seller will not consider individual property offers.

Current leases, rent details, disclosures, and supporting documents are available for review. Buyer and buyer’s agent to verify all property information, lease terms, zoning, permitted use, condition, income, expenses, and future improvement potential.

All three properties received new roofs approximately six years ago following hail damage. HVAC systems at 309 S Main St and 163 Hood St were upgraded in 2022. The HVAC system at 161 Hood St appears to have been installed in 2012. The water heater at 309 S Main St was installed in 2014. Seller does not have water heater records available for 161 Hood St or 163 Hood St. No appliance warranties are currently available. Tenants pay all utilities; seller does not have average utility cost records.

Investment highlights

  • Three-property Cedar Hill rental portfolio consisting of 161 Hood St, 163 Hood St, and 309 S Main St, all located in Cedar Hill, TX 75104.
  • In-place rental income with all three properties currently occupied and producing a combined $4,800/month, or $57,600/year, in gross scheduled rents based on current lease information.
  • Staggered lease expirations create a balanced investor profile: 309 S Main expires 8/31/2026, 163 Hood expires 12/31/2026, and 161 Hood expires 5/31/2027.
  • Value-add opportunity at 161 Hood St, which includes a rear shed/workshop area with a one-bedroom apartment setup. With additional investment such as plumbing updates, utility separation/split meter work, and any required permits or approvals, this may offer a path to increased income potential.
  • Portfolio rent mix: 309 S Main currently rents for $1,400/month, 163 Hood for $1,650/month, and 161 Hood for $1,750/month.
  • Different investor advantages across the portfolio: 309 S Main offers the shortest lease runway and near-term flexibility; 163 Hood provides year-end stability; 161 Hood offers the longest lease term and a full security deposit on hand.
  • Single-seller portfolio sale provides an opportunity to acquire multiple income-producing single-family rental assets in one transaction.
  • Dallas County / Cedar Hill location with access to a growing suburban rental market south of Dallas.

Listing Contacts

CL
TX 0849473

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$28,279.00
$2,356.58/mo

Valuation Metrics

0
DSCR
3.96%
Cap Rate
3.96%
ROI

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Additional Information

Name
Calvin Lyman
License
0849473
Brokerage
VIP Realty
Title
Broker of Record
Name
Calvin Lyman
License
0849473
Brokerage
VIP Realty
Brokerage Phone
4054214220
Title
Real Estate Sales Associate
Brokerage Address
3010 Lyndon B Johnson Freeway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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