Date
Details
Price
Change
Source
3/30/2026
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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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
Full Property Details
Full Property Details for 4612 Cr 616
General
- Price: $1,500,000
- Status: Active
- Type: Multi-Family
- Source: NTREIS
- MLS ID: 21217452
- Updated: 3/30/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: Other
- Fireplace(s): None
- Appliances: Dishwasher, Electric Range, Microwave
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 19
- Full Bathrooms: 19
Bedrooms
- Total Bedrooms: 29
Additional Information
- Pool: Yes
- Pool Description: None, Other
- Security/Safety: Other
Exterior
- Exterior Features: Awning(s), Balcony
- Porch/Patio/Deck: Awning(s), Deck, Front Porch, Balcony
Parking
- Total Spaces: 10
- Parking Features: No Garage, On Site
Location
- County: Johnson
- Subdivision: MD DICKY
- Driving 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.
School Information
- Elem School District: Alvarado ISD
- Midd School District: Alvarado ISD
- High School District: Alvarado ISD
- Elementary School: Alvarado N
- High School: Alvarado
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Electric
Utilities
- Sewer: Septic Tank
- Water: Community/Coop
- Utility Description: Septic Available, Water Available
Structural Information
- # Buildings: 10
- Detached/Attached: Detached
- Construction: Aluminum Siding
- Roof: Metal, Other
- Stories/Levels: 1
- Sq. Ft. Source: Assessor
Lot Features
- Lot Size (Acres): 6
- Lot Size (Sq. Ft.): 261,360
- Lot Features: Acreage, Cleared, Few Trees
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: ABST 195 TR 74A M D DICKEY
- Exclusions: Personal Property
- Property ID: 126-0195-06290
Listed by CENTURY 21 Judge Fite Company, Jamie Wickliffe
We Value Your Privacy
We Value Your Privacy
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Listing agent
— 4612 Cr 616 —
Jamie Wickliffe
CENTURY 21 Judge Fite Company
972-723-8231
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 4612 Cr 616
School District:Alvarado Independent School District
| Name | Grades | Distance |
|---|---|---|
Lillian Elementary School 5001 Fm 2738, Alvarado, TX 76009 | PK-3 | 1.8 mi |
Alvarado Intermediate School 1401 East Davis Avenue, Alvarado, TX 76009 | 4-6 | 8.2 mi |
Alvarado J High School 1000 North Cummings Drive, Alvarado, TX 76009 | 7-8 | 7.3 mi |
Alvarado High School 1301 South Parkway Drive, Alvarado, TX 76009 | 9-12 | 9.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4612 Cr 616
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4612 Cr 616, Alvarado, TX 76009 (MLS# 21217452) is a Multi-Family property with 10 units containing 29 bedrooms and 19 full bathrooms. 4612 Cr 616 is currently listed for $1,500,000 and was received on March 30, 2026. Want to learn more about 4612 Cr 616? Do you have questions about finding other Multi-Family real estate for sale in Alvarado? You can browse all Alvarado real estate or contact a Coldwell Banker agent to request more information.