UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,702 sqft
Price per Sqft $333
Subdivision M Ot
MLS Listing ID 582636
Style Ranch
Construction Status Resale
HOA Y/N No
Year Built 1997
Lot Size 0.771 Acres
Acres 0.771
Property Sub-Type Apartment
Property Description
Rare opportunity to acquire a fully leased, turnkey portfolio of 7 renovated single-family homes in the growing community of Moody, Texas. Ideally positioned between Temple/Belton and Waco, this package is perfectly suited for investors seeking immediate cash flow, strong tenant demand, and long-term appreciation potential.
The portfolio includes five (5) 2-bedroom, 1.5-bathroom homes and two (2) 3-bedroom, 2-bathroom homes, each thoughtfully updated with modern interior finishes including granite countertops, luxury vinyl plank flooring, and updated kitchens and baths. These upgrades reduce capital expenditures and enhance tenant satisfaction and retention.
All properties are currently under lease, generating a total monthly rental income of $9,270 and projected gross annual income of $111,240. Notably, 203 8th St is pre-leased with tenancy beginning July 1, 2025, further ensuring continued occupancy and income stability. This offering provides a projected cap rate of approximately 4.98, with room for upside through rent growth or individual resale strategies.
Located in a walkable residential area, these homes offer tenants the comfort of country living with convenient access to local schools, parks, shops, and highways. Moody is a fast-growing small town with rising rental demand driven by proximity to large employment hubs like Baylor University, Baylor Scott & White Medical Center, and the expanding I-35 corridor. This location supports long-term value, stable tenancy, and appealing exit strategies.
Whether you're expanding your portfolio, entering the Central Texas market, or looking for a stable, low-maintenance asset, this 7-home package offers a complete, income-producing investment on day one.
Please do not disturb tenants. Showings available with proof of funds or lender pre-approval.
Location
State TX
County Other
Interior
Interior Features Ceiling Fan(s), Vanity, Walk-In Closet(s), Granite Counters
Heating Central, Electric
Cooling Central Air, Electric, 1 Unit
Flooring Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Range Hood, Water Heater, Some Electric Appliances, Range
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Parking Features Attached Carport
Carport Spaces 1
Fence None
Pool None
View Y/N No
Water Access Desc Public
View None
Roof Type Metal
Accessibility None
Building
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
Construction Status Resale
Schools
School District Moody Isd
Others
Tax ID 38-007000-002100-8
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
