4612 CR 616, ALVARADO, TX 76009
Homes for sale in Alvarado.
Homes for sale in 76009.
4612 CR 616
Alvarado, TX 76009
List Price$1,500,000
Listing #21217452
29
Bedrooms
19 full
Bathrooms
10
Number of Units
Multi-Unit Residential
Type
About This Property
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
Property Features
Location Information
County
Johnson
Subdivision
MD DICKY
Interior Features
Interior
Other
Cooling
Electric
Full Baths
19
Floors
Other
Has Fireplace
No
Appliances
Dishwasher, Electric Range, Microwave
Number of Fireplaces
0
Total Number of Units
10
Heating
Electric
Exterior Features
Stories
1
Pool Description
None, Other
Construction
Aluminum Siding
Lot Description
Acreage, Cleared, Few Trees
Exterior
Awning(s), Balcony
Lot Size in Acres
6
Foundation
Other
Lot Size in Sq. Ft.
261,360
Roof
Metal, Other
Buildings
10
Utilities
Septic Available, Water Available
Building Total Area (Sq. Ft.)
0
Security System
Other
Road Description
Dirt
Parking Description
No Garage, On Site
Is One Story
Yes
Garage Spaces
0
Lot Description
Acreage, Cleared, Few Trees
Patio / Deck Description
Awning(s), Deck, Front Porch, Balcony
School
Elementary School District
Alvarado ISD
High School
Alvarado
Elementary School
Alvarado N
Additional Information
Year Built Details
Preowned
Exclusions
Personal Property
Property Type
RI
Community Features
Other
Status
Active Under Contract
Documents Available
Aerial
Has a Home Owners Association
No
Mortgage Calculator
$7,005
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$5,405
Monthly Tax
$1,250
Monthly Insurance
$350
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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