Exceptional income-producing investment opportunity on 6 acres in Alvarado featuring a 10-unit mobile home park with strong cash-flow potential and long-term upside. The property includes 6 double-wide and 4 single-wide manufactured homes, comprised of nine 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit, offering an attractive unit mix for sustained tenant demand. Improvements include a 30x40 metal building, one two-car garage, one one-car garage, and six portable storage buildings, adding functional value and additional utility for operations or tenant use.Infrastructure enhancements include underground internet service through Johnson County Electric Cooperative, supporting modern tenant needs. Nine of the ten homes feature metal roofs, reducing long-term maintenance concerns and improving durability. Established rental income with value-add potential through operational improvements, rent optimization, or future site expansion. Positioned in a growing market with continued demand for affordable housing, this asset presents an ideal opportunity for investors seeking stable returns and portfolio growth. Convenient access to major thoroughfares enhances tenant accessibility while maintaining a desirable rural setting. Rare chance to acquire a scalable manufactured housing investment with immediate income and future appreciation potential
Listed By
Agency Name: CENTURY 21 Judge Fite Company
Agency Contact: 972-723-8231
Agent Name: Jamie Wickliffe
Shown By
Agency Title: Kelly, Realtors
Agency Phone: (254) 741-1500
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447
Estimated Payment
$ 3,775.85 per month $3,338.35 Principal & Interest $0.00 Property Tax (data not provided by mls) $437.50 Homeowner's Insurance
4612 Cr 616 | MLS# 21217452
This multi-family property located at 4612 Cr 616 , Alvarado, TX 76009 is currently listed for sale with an asking price of $1,500,000. Cr 616 is located within the Alvarado ISD school district. Search Alvarado real estate on www.kellylandandranch.com today.