Great opportunity for investor buyers seeking an income-producing property with an established tenant already in place. This single-story, three-bedroom, two-bath home is located in the appealing Lasater Ranch community and offers the added benefit of an existing lease in effect through July 2027. The property successfully passed its annual Section 8 Housing Quality Standards inspection on June 17, 2026. Grand Prairie has confirmed that another annual inspection is not expected until June 2027. Current Section 8 voucher is $2500. The transferable Section 8 HAP contract is subject to the City of Grand Prairie’s ownership transfer process, providing a straightforward path for an investor to continue the existing rental arrangement. The seller also has a contract with Ownwell, a property tax consulting company hired to submit an appeal and work toward reducing the property’s taxable value. Great location, nearby schools, amenities, shopping, Hwy 1187 and Crowley Plover Rd. With a tenant already in place, an active Section 8 HAP contract, and the annual inspection already completed for 2026, this property offers several features that may appeal to investors looking for an established rental opportunity. Call agent for details!
Listing courtesy of Nancy Granby from Redfin Corporation. Contact: 972-954-4791
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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