4612 Cr 616 Alvarado, TX 76009
Listing Courtesy of: NTREIS / Century 21 Judge Fite Company / Jamie Wickliffe - Contact:  972-723-8231

  4612 Cr 616 Alvarado, TX 76009

Active (4 Days)
$2,091,142 (CAD)
29
BED
19
BATH

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

MLS®:
21217452
Lot Size
6 acres
Type
Multifamily
Year Built
9999
School District
Alvarado Isd
County
Johnson County

Listed By

Jamie Wickliffe, Century 21 Judge Fite Company, Contact: 972-723-8231
Source
NTREIS
Last checked Mar 31 2026 at 9:56 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 19
Interior Features
  • Dishwasher
  • Other
  • Microwave
  • Electric Range
Subdivision
  • Md Dicky
Lot Information
  • Acreage
  • Cleared
  • Few Trees
Property Features
  • Fireplace: 0
  • Fireplace: None
  • Foundation: Other
Heating and Cooling
  • Electric
Pool Information
  • Other
Flooring
  • Other
Exterior Features
  • Roof: Other
  • Roof: Metal
Utility Information
  • Utilities: Co-Op Water, Septic, Dirt
School Information
  • Elementary School: Alvarado N
Garage
  • No Garage
Parking
  • No Garage
  • On Site
Stories
  • 1
Additional Information: Judge Fite Company | 972-723-8231
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by C21 Judge Fite Company and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 North Texas Real Estate Information System (NTREIS). All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 3/31/26 02:56