$1,550,000

312 Hickerson St Unit 8 Cedar Hill, TX 75104

Estimated payment $10,336/month

Total Views 626
14 Beds
8 Baths
6,786 Sq Ft
$228 Price per Sq Ft

Highlights

  • Home Security System
  • Central Heating and Cooling System
  • Vinyl Flooring
  • 1-Story Property

About This Home

Profitable Multifamily complex investment. 312 Hickerson is an 8-unit apartment complex which contains 8 separate apartment units, 6 are 2 bedroom and 2 bath units that rent for $1,500 per month. Two are 1 bedroom and 1 bath units that rent for $1,100 per month. Five of the 8 units have been completely remodeled in the last 24 months down to the studs including new stainless steel appliances, new flooring, new plumbing & electrical fixtures. These include 4-two bedroom units and 1-one bedroom unit. In the current configuration, the annual rent is $126,000. Expensed are the property taxes, currently at $25,800 annually, insurance, $8569, repairs, maintenance and management fees are $7,500, and vacancy rate is negligible. Total annual expenses are $41,869. This leaves a total profit before taxes of $84,131 which shows a market CAP of 5.6. Seventy percent of the close knit community residing at 312 Hickerson has lived there 8 plus years with some much longer.

Listing Agent

Vernon Mimms

RE/MAX Preferred Associates Brokerage Phone: 972-839-1062 License #0556572 Listed on: 09/15/2025

RE/MAX Preferred Associates

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $25,800

Year Built

  • Built in 1985

Lot Details

  • 0.48 Acre Lot

Parking

  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Concrete Roof

Interior Spaces

  • 1-Story Property
  • Vinyl Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Full Bathrooms

Home Security

  • Home Security System
  • Fire and Smoke Detector

Schools

  • Highpointe Elementary School
  • Cedar Hill High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 16004500010130000

Community Details

Overview

  • 8 Units
  • 6,786 Sq Ft Building
  • Ed Balcoms Rev Subdivision

Building Details

  • Gross Income $134,400
  • Net Operating Income $77,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$25,800

Year Built

Built in 1985

Lot Details

0

Listing Details

  • OWNERNAME: see agent
  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: One
  • Security: Security System, Fire Alarm
  • Year Built Details: Preowned
  • Attribution Contact: 972-839-1062
  • CapRate: 4.97
  • Co List Office Mls Id: SETS01
  • Special Features: VirtualTour
  • Year Built: 1985

Interior Features

  • Interior Amenities: Cable TV
  • Flooring: Vinyl
  • Appliances: Dishwasher, Electric Range, Disposal, Microwave, Refrigerator

Beds/Baths

  • Full Bathrooms: 8
  • Total Bedrooms: 14

Exterior Features

  • Foundation: Slab
  • Roof: Concrete
  • Construction Materials: Brick
  • Pool Features: None
  • Waterfront: No
  • RoadFrontageType: All Weather Road

Garage/Parking

  • Cooling System: Central Air
  • Parking Features: Parking Lot

Utilities

  • Sewer: Public Sewer
  • Heating: Central
  • Utilities: Electricity Available, Sewer Available, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Highpointe
  • High School: Cedar Hill
  • Junior High Dist: Cedar Hill ISD

Lot Info

  • Lot Features: Subdivision
  • Lot Size Units: Square Feet
  • Lot Size Area: 21063.0
  • Parcel Number: 16004500010130000
  • Lot Size Acres: 0.4835
  • Lot Size Sq Ft: 21063.0

Building Info

  • Year Built: 1985
  • Units Total: 8
  • SeniorCommunityYN: No

Multi Family

  • Insurance Expense: 9569.0
  • Annual Gross Income: 134400.0
  • Property Net Operating Income: 77000.0

Tax Info

  • Tax Annual Amount: 25800.0

MLS Schools

  • MiddleOrJuniorSchool: Besse Coleman

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2025 09/15/25 For Sale $1,550,000 -- $228 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21061019

North Texas Real Estate Information Systems (NTREIS)
Texas Dallas County Cedar Hill 75104

312 Hickerson St Unit 8, Cedar Hill, TX

This home is located at 312 Hickerson St Unit 8, Cedar Hill, TX 75104 and is currently priced at $1,550,000, approximately $228 per square foot. This property was built in 1985. 312 Hickerson St Unit 8 is a home located in Dallas County with nearby schools including Lakeridge Elementary School, W.S. Permenter Middle School, and Cedar Hill High School.

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Vernon Mimms
Listing Agent
Vernon Mimms
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RE/MAX Preferred Associates
(469) 485-3241