$1,500,000

4612 CR 616, Alvarado, TX 76009

  • 29 beds |
  • 19 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon6acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 days ago

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

Listing Status:
Active
Data Last Updated:
April 2, 2026 at 10:22PM
Listing Office:
CENTURY 21 Judge Fite Company : 972-723-8231
Listing Agent:
Jamie Wickliffe :
MLS ID:
21217452
  • General: Other
  • Appliances: DishwasherElectric RangeMicrowave
  • Flooring: Other
  • A/C: Electric
  • Heating: Electric
  • Fireplace: Fireplaces: 0
  • General: Awning(s)Balcony
  • Pool: NoneOther
  • Parking: No GarageOn SiteParking spaces: 10
  • Roofing: MetalOther
  • General: Aluminum Siding1Other
  • Road/Access: Dirt
  • Originating MLS: NTR
  • School District: Alvarado ISD
  • County: Johnson
  • Zoning: ABST 195 TR 74A M D DICKEY126-0195-06290
  • Utilities: Septic AvailableWater Available
  • Water: Community/Coop
  • Sewer: Septic Tank
  • Source: NTR
  • Exclusions: Personal Property

This listing courtesy of Jamie Wickliffe , CENTURY 21 Judge Fite Company

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lillian Elementary School

5001 FM 2738, Alvarado, TX, 76009

Grades PK-3

1.83 miles away

A

Alvarado Junior High School

1000 N Cummings Dr, Alvarado, TX, 76009

Grades 7-8

7.30 miles away

A

Alvarado High School

1301 S Parkway Dr, Alvarado, TX, 76009

Grades 9-12

9.05 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.