205 8th Street and 506-508 Avenue A #508, Moody, TX 76557
205 8th Street and 506-508 Avenue A #508, Moody, TX 76557
205 8th Street and 506-508 Avenue A #508, Moody, TX 76557
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$1,349,000
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7,624 SqFt
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205 8th Street and 506-508 Avenue A #508 Moody, TX 76557

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Edmarie Mason

Edmarie Mason

+1(512) 966-3276

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,624 sqft

Price per Sqft $176

Subdivision M Ot

MLS Listing ID 5671749

Year Built 1997

Annual Tax Amount $14,000

Tax Year 2025

Lot Size 0.950 Acres

Acres 0.95

Property Sub-Type Multi Family

Source actris

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.

Location

State TX

County Mclennan

Area Out Of Area

Interior

Heating Central

Cooling Central Air

Flooring Tile, Vinyl

Fireplace N

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Accessibility None

Total Parking Spaces 14

Building

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Masonry – Partial

New Construction No

Others

Restrictions Deed Restrictions

Acceptable Financing Cash, Conventional

Tax Rate 1.99

Listing Terms Cash, Conventional

Special Listing Condition Real Estate Owned

Listed by Keller Williams Realty • Megan Flake
Nearby Locations

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205 8th Street and 506-508 Avenue A #508