205 8th Street And 506-508 Avenue A, Moody, TX 76557
- $1,349,000
- List Price
- $1,349,000
- Status
- ACTIVE
- MLS#
- 5766396
- Price Change
- ▼ $150,000 1777355700
- Days on Market
- 206
- Lot Size
- 41,382
Property Description
The Moody Portfolio represents a rare opportunity to acquire a fully occupied, turnkey portfolio of seven renovated single family homes located in the growing town of Moody, Texas. Ideally situated between Temple and Waco, the portfolio benefits from convenient access to Highway 84, Highway 36, and the I-35 corridor, supporting strong regional connectivity while still offering tenants the appeal of small-town living in a supply-constrained rental market. The properties are professionally managed, allowing for a seamless and hands-off transition for a new owner, and the portfolio underwent a comprehensive rehabilitation completed in July 2024, significantly limiting near-term capital expenditure requirements. The portfolio consists of five 2-bedroom, 1.5-bath homes and two 3-bedroom homes situated across two parcels totaling approximately 0.95 acres. Each residence features durable exterior finishes, including limestone siding and metal roofs, along with tenant-ready interiors incorporating tile and luxury vinyl plank flooring and functional, in-demand layouts appealing to long-term renters. The portfolio is currently 100% leased, generating combined monthly rental income of $9,270 and estimated gross annual income of $111,240, providing immediate and predictable cash flow. Minimal historical vacancy, strong tenant payment performance, and a standing waiting list underscore the depth of tenant demand, even following post-renovation rent increases. Additional investment advantages include combined annual property taxes of approximately $14,000, which are well below regional averages for similar income levels, as well as opportunities for continued operational efficiencies, longterm hold stability, and future flexibility to explore individual home sales, subject to buyer due diligence.
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Additional Information
- Taxes
- $14,000
- Tax Year
- 2025
- Year Built
- 1997
- Parking Spaces
- 14
- Construction
- Masonry Partial
- Foreclosure
- Yes
- Sewer
- Public Sewer
- Stories
- 1
- Street Name
- 8th Street And 506-508 Avenue A
- Street Number
- 205
- Neighborhood
- M Ot
- Water
- Public
- Acres
- 0.95
- County
- McLennan
- Floor
- Tile, Vinyl
- Heating
- Central
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Listing courtesy of Keller Williams Realty. Contact: (512) 364-0949
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