4612 County Road 616 - Multi-Family FOR SALE


Alvarado, TX 76009
$1,500,000 USD
214-676-2896
4612 County Road 616, Alvarado, TX for Sale
$1,500,000 USD
Multi-Family - FOR SALE
1/43
null | Request Cap Rate

4612 County Road 616
Alvarado, TX 76009


HIGHLIGHTS

  • Mobile Home Park
  • Investments
  • Acreage

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$6 USD /SF

# OF UNITS

10

PRICE/UNIT

$150,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4612 County Road 616

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential

APN/PARCEL ID

126-0195-06290

ASK ABOUT THIS PROPERTY

Jamie WickliffeJSWickliffe & CompanyMore Info
214-676-2896

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Jamie WickliffeJSWickliffe & CompanyMore Info
214-676-2896

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.