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205 8th Street And 506-508 Avenue A, Moody, Texas

$1,349,000
Active
205 8th Street And 506-508 Avenue A, Moody, Texas
205 8th Street And 506-508 Avenue A, Moody, Texas
205 8th Street And 506-508 Avenue A, Moody, Texas
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Property Details

MLS ID: ACT5671749
Status: Active
Price: $1,349,000
Acres: 0.95±
Type: Multi-Family, Commercial
Address: 205 8th Street And 506-508 Avenue A
City, State: Moody, TX
County: McLennan County
ZIP Code: 76557
Lat/Long: 31.30833, -97.35931
Parcel Number: 380070000017001
SqFt: 7,624
Year Built: 1997

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.

Directions: East on Eddy-Gatesville Parkway from Lone Star Parkway/ Avenue D, Property is on the left

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Listed By: Megan Flake of Keller Williams Realty - (512) 364-0949