4612 CR 616 Alvarado, TX 76009 Active Option Contract
UPDATED: 04/06/2026 08:38 PM ON SITE: 30 days on site
$1,500,000
29 Beds19 Baths6 Acres Lot
Key Details
Property Type Single Family Home
Sub Type Multiple Single Units
Listing Status Active Option Contract
Purchase Type For Sale
Subdivision Md Dicky
MLS Listing ID 21217452
Bedrooms 29
Full Baths 19
HOA Y/N None
Lot Size 6.000 Acres
Acres 6.0
Property Sub-Type Multiple Single Units
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
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