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Maritza Perez
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4612 Cr 616, Alvarado, TX 76009

$1,500,000
  • 4612 Cr 616, Alvarado, TX 76009 Main Photo

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Active Option Contract
BEDS29 BATHS19 full MLS#21217452
STATUSActive Option Contract PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMD DICKY SCHOOLAlvarado ISD

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

4612 Cr 616 | MLS# 21217452

This multi-family property located at 4612 Cr 616, Alvarado, TX 76009 is currently listed for sale with an asking price of $1,500,000. Cr 616 is located within the Alvarado ISD school district. Search Alvarado real estate on maritzaperez.kellyrealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Electric
Heating: Electric
Lot Size: 6.00 Acres
Roof Type: Metal, Other
Year Built: 9999

Amenities

Other
Awning(s)
Balcony

Feature Descriptions

Appliances: Dishwasher, Electric Range, Microwave
Community Features: Other
Days on Site: 20
Exclusions: Personal Property
Exterior: Aluminum Siding
Fireplace: None
Flooring: Other
Lot: Acreage, Cleared, Few Trees
Parcel#: 126-0195-06290
Parking: No Garage, On Site
Parking Notes: No Garage, On Site
Patio/Porch: Awning(s), Deck, Front Porch
Pool: Other
Security: Other
Units: 10
Utilities: Co-op Water, Dirt, Septic

Local Schools

Elementary School: Alvarado N
School District: Alvarado ISD

Listed By / Shown By

Listed By

Agency Name: CENTURY 21 Judge Fite Company
Agency Contact: 972-723-8231
Agent Name: Jamie Wickliffe

agent picture

Shown By

Agent Name: Maritza Perez
Agent Phone: (254) 715-9434
Agency Title: Kelly, Realtors

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Estimate Your Payment

Estimated Payment

$ 3,775.85 per month $3,338.35 Principal & Interest $0.00 Property Tax (data not provided by mls) $437.50 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/20/2026. The listing information on this page last changed on 04/20/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 04/20/2026 12:00:34 AM EST) or NTREIS (last updated Sun 04/19/2026 7:44:40 AM EST) or SABOR MLS (last updated Sun 04/19/2026 11:52:30 PM EST) or CTXMLS (last updated Sun 04/19/2026 11:34:20 PM EST). Real estate listings held by brokerage firms other than Kelly, Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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