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4612 Cr 616 , Alvarado, TX 76009

$1,500,000
  • 4612 Cr 616 , Alvarado, TX 76009 Main Photo

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New to the Market Active
BEDS29 BATHS19 full MLS#21217452
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMD DICKY SCHOOLAlvarado ISD

Property Description

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

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.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Electric
Heating: Electric
Lot Size: 6.00 Acres
Roof Type: Metal, Other
Year Built: 9999

Amenities

Other
Awning(s)
Balcony

Feature Descriptions

Appliances: Dishwasher, Electric Range, Microwave
Community Features: Other
Days on Site: 2
Exclusions: Personal Property
Exterior: Aluminum Siding
Fireplace: None
Flooring: Other
Lot: Acreage, Cleared, Few Trees
Parcel#: 126-0195-06290
Parking: No Garage, On Site
Parking Notes: No Garage, On Site
Patio/Porch: Awning(s), Deck, Front Porch
Pool: Other
Security: Other
Units: 10
Utilities: Co-op Water, Dirt, Septic

Local Schools

Elementary School: Alvarado N
School District: Alvarado ISD

Listed By / Shown By

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

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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

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