205 8TH STREET AND 506-508 AVENUE A, MOODY, TX 76557
Homes for sale in Moody.
Homes for sale in 76557.
List Price$1,349,000
205 8th Street and 506-508 Avenue A
Moody, TX 76557
Listing #5766396
7,624
Square Feet
Commercial
Type
About This Property
The Moody Portfolio represents a rare opportunity to acquire a fully occupied, turnkey portfolio of seven renovated single family homes located in the growing town of Moody, Texas. Ideally situated between Temple and Waco, the portfolio benefits from convenient access to Highway 84, Highway 36, and the I-35 corridor, supporting strong regional connectivity while still offering tenants the appeal of small-town living in a supply-constrained rental market. The properties are professionally managed, allowing for a seamless and hands-off transition for a new owner, and the portfolio underwent a comprehensive rehabilitation completed in July 2024, significantly limiting near-term capital expenditure requirements. The portfolio consists of five 2-bedroom, 1.5-bath homes and two 3-bedroom homes situated across two parcels totaling approximately 0.95 acres. Each residence features durable exterior finishes, including limestone siding and metal roofs, along with tenant-ready interiors incorporating tile and luxury vinyl plank flooring and functional, in-demand layouts appealing to long-term renters. The portfolio is currently 100% leased, generating combined monthly rental income of $9,270 and estimated gross annual income of $111,240, providing immediate and predictable cash flow. Minimal historical vacancy, strong tenant payment performance, and a standing waiting list underscore the depth of tenant demand, even following post-renovation rent increases. Additional investment advantages include combined annual property taxes of approximately $14,000, which are well below regional averages for similar income levels, as well as opportunities for continued operational efficiencies, longterm hold stability, and future flexibility to explore individual home sales, subject to buyer due diligence.
Property Features
Location Information
County
McLennan
Subdivision
M Ot
County
McLennan
Directions
East on Eddy-Gatesville Parkway from Lone Star Parkway/ Avenue D, Property is on the left
Area
Out of Area
Interior Features
Heating
Central
Disabled Features
None
Floors
Tile, Vinyl
Accessibility
None
Exterior Features
Style
Masonry
Water
Public
Is New Construction
No
Parking Description
Carport, Driveway
Construction/Exterior
Masonry
Lot Size in Acres
0.95
Foundation
Slab
Buildings
7
Possession
Subject To Tenant Rights
Has Waterfront
No
Water / Sewer
Public Sewer
Is One Story
Yes
Additional Information
Other Utilities
Electricity Connected, Sewer Connected, Water Connected
APN
380070000017001
Property Type
COM
Status
Active
Property SubType
Multi Family
Documents Available
Aerial, Appraisal, Rent Rolls
Year Built
1997
Similar Listings
Mortgage Calculator
$6,299
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$4,861
Monthly Tax
$1,124
Monthly Insurance
$314
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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