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Land with Home for Sale in Alvarado, Texas

4612 County Road 616, Alvarado, TX 76009

$1,500,000
6 acres
Pending sale
Under contract

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

Sq feet
29
Beds
19
Full baths

Location

Street address
4612 County Road 616
Community
MD Dicky
Elevation
694 feet
Coordinates
32.5168, -97.1644

Directions

Stay on US-287 South toward Alvarado.

Take the exit for FM 917, County Road 616 area.

Turn onto FM 917 heading toward Lillian.

Turn onto County Road 616.

Continue down CR 616, the property will be on your route near 4612 County Road 616.

Property details

Acreage
6 acres
MLS #
NTREIS 21217452
Posted

Parcels

  • 126-0195-06290

Legal description

Resources

Details and features

Listing

Type
Residential Multi Family
Franchise
Century 21 Real Estate

Exterior

Parking Spaces
10
Parking
Garage
Features
Awning(s), Balcony

Structure

Stories
1
Heating
Electric, Fireplace(s)
Materials
Aluminum Siding
Roof
Metal

Interior

Rooms
Bathroom x 5, Bedroom x 5
Fireplaces
Yes
Appliances
Dishwasher, Microwave, Range, Washer

Nearby schools

NameType
Alvarado NElementary

Listing history

DateEventPriceChangeSource
May 19, 2026New listing$1,500,000NTREIS
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This 6-acre property is located at 4612 County Road 616 in Alvarado, TX 76009. The property is pending sale. It has a 29 bedroom, 19 bath house.

Listed by Century 21 Judge Fite Company, (817) 960-9611

Checked 1 hour agoUpdated Source

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