4612 CR 616, ALVARADO, TX 76009

Homes for sale in Alvarado.

Homes for sale in 76009.


4612 CR 616

Alvarado, TX 76009

Status of the property has changed, please contact for details

List Price$1,500,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

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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