4612 Cr 616 Alvarado, TX $ 1,500,000
4612 Cr 616
$ 1,500,000
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4612 Cr 616

Alvarado, TX, 76009
$ 1,500,000
Bedrooms29 Baths19.0

Monthly Estimate*

$ 9,236

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Multi-Family Home for sale in Alvarado, TX

for $1,500,000 with 29 bedrooms and 19 full baths. The lot size is 6.

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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Multi-Family Contingent

Price

$ 1,500,000

Bedrooms

29

Full Bath

19

Property Type

Multi-Family

Taxes

$ 0

Style

Multiple Single Units

Lot Size

6

Town/City

Alvarado

County/Region

Johnson

MLS | Web ID

21217452

Features
Interior
Interior Features Other
Flooring Other
Total Units 10
Half Baths 0
Total Bedrooms 29
Total Baths 19
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General
Heating Electric
Complex Name -
Cooling Electric
Utilities Co-op Water Dirt Septic
Possession Closing/Funding
Roof Metal Other
Appliances Dishwasher Electric Range Microwave
Number of Garage Spaces 0
School District Alvarado ISD
Pool Y/N 0
Exclusions Personal Property
Year Built 9999
Community Features Other
Levels One
Property Subtype Multiple Single Units
Subdivision Name MD DICKY
Occupant Type Tenant
County Johnson
Property Type Residential Income
Construction Materials Aluminum Siding
Year Built Details Preowned
Accessory Unit Y/N N
HOA Type None
Special Notes Aerial Photo
# of Buildings 10
Full Baths 19
Status Active Option Contract
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
City Alvarado
Elementary School Name Alvarado N
High School Alvarado
Elementary School Alvarado N
Standard Status Active Under Contract
Listing Terms Cash Conventional
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Exterior
Waterfront 0
Exterior Features Awning(s) Balcony
Lot Features Acreage Cleared Few Trees
Parking Features No Garage On Site
Foundation Other
Pool Features Other
Building Area Total 0.00
Garage Y/N 0
Attached Garage Y/N 0
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Internal Only
Street Number 1 4612
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* Excluded Features
List By
Jamie Wickliffe

Listing Agent

Century 21 Judge Fite Company

Broker

Affordability Calculator

$9,236
Per Month
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Monthly Principal & Interest
$9,236
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
285725 Elementary School
3676586 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/30/2026$1,500,000 Listed Price

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4612 Cr 616, Alvarado, TX, 76009 is a Multi-Family Home for sale at $1,500,000 with a lot size of 6. 4612 Cr 616 has 29 bedrooms and 19.0 baths. The property's zip code is 76009 which is in Alvarado, TX