Cedar Hill Three-Property Rental Portfol 2 Specialty Properties Offered at $704,900 in Cedar Hill, TX

*Now offering $15k discount for purchase of qll 3 properties*
The Cedar Hill Three-Property Rental Portfolio offers investors the opportunity to acquire three occupied single-family rental assets in one transaction.
$57,600 current annual scheduled rent
Approx. $34,879 normalized NOI
Approx. 4.78% normalized cap rate at current asking prices
These properties are available together or separately.
The portfolio includes 161 Hood St, 163 Hood St, and 309 S Main St in Cedar Hill, TX, with all three properties currently leased and producing a combined $4,800/month in scheduled rental income, or $57,600/year.
The portfolio features staggered lease expirations across 2026 and 2027, giving an investor a practical blend of current income stability and future flexibility for renewals, rent adjustments, repositioning, or long-term hold strategy. Each property is separately parceled and tenant-occupied, allowing the buyer to evaluate each asset individually while acquiring the portfolio as a package.
A key value-add component exists at 161 Hood St, which includes a rear shed/workshop area with a one-bedroom apartment setup. With additional investment, such as plumbing improvements, utility separation or split meter work, and any required permits or municipal approvals, this space may offer future income-growth potential for the right investor.
This offering is well-suited for a buy-and-hold investor seeking immediate rental income, a small residential portfolio foothold in the Cedar Hill market, and possible upside through operational improvements and future lease repositioning.
Properties are being sold either together or separately.
Buyer and buyer’s agent to verify all property information, square footage, zoning, permitted use, lease terms, income, expenses, taxes, condition, code compliance, and future improvement potential.
Investment Highlights
Three-property occupied rental portfolio located in Cedar Hill, TX.
100% occupied with in-place residential leases.
$4,800/month in scheduled rental income, equal to $57,600/year in gross scheduled rent.
Staggered lease expirations provide flexibility for future rent adjustments, renewals, or repositioning.
Portfolio includes three separately parceled properties: 161 Hood St, 163 Hood St, and 309 S Main St.
Value-add opportunity at 161 Hood St through rear shed/workshop area with one-bedroom apartment setup, subject to buyer verification, improvements, permits, and city approval.
Mix of lease timelines: near-term flexibility at 309 S Main, year-end stability at 163 Hood, and longer lease security at 161 Hood.
Single-seller portfolio acquisition allows investor to add multiple income-producing assets in one transaction.
Located in Cedar Hill, TX, within Dallas County and the broader DFW rental market.
Normalized NOI is based on current scheduled rents less property taxes, insurance, and estimated maintenance at 5% of rent. Actual trailing income and expenses may differ. Buyer to verify all income, expenses, leases, taxes, insurance, repairs, financing, and cap-rate assumptions.
T12 actuals reflect seller-provided historical income and expenses, including prior repair activity. Normalized underwriting is intended to show estimated stabilized operations.
Calvin Lyman
VIP Real Estate
405-421-4220
calvinlyman@gmail.com