Income producing, low expense, multifamily
Multifamily | 5 Units | $150,000/unit
Marketing description
Prime income-producing opportunity in the rapidly expanding Cleveland, TX market. This fully occupied 5-unit mobile home property sits on approximately 1.52 acres and offers reliable, turnkey cash flow from day one. Each home is tenant-occupied, providing consistent monthly income with minimal landlord responsibilities. Tenants pay their own utilities, keeping operating expenses extremely low—limited primarily to annual property taxes—resulting in a strong cap rate and attractive returns.
The property is located in the South Park subdivision, an area experiencing ongoing residential and commercial growth, increasing rental demand, and long-term appreciation potential. Its proximity to major corridors and daily conveniences adds to its appeal for both residents and investors. With stable tenancy in place and opportunities for future value-add through rent adjustments, unit upgrades, or expansion (subject to buyer verification), this asset is ideal for both seasoned investors and those seeking a low-maintenance addition to their portfolio.
Whether you are building out your rental holdings or searching for a high-performing, hands-off investment, 264 County Rd 328 delivers dependable performance with room to grow.
Investment highlights
Fully Occupied Asset: Five mobile homes, all tenant-occupied, generating immediate and reliable rental income.
Strong Financial Performance: Minimal operating expenses with tenants responsible for their own utilities; owner primarily pays property taxes.
Attractive Cap Rate: High-return opportunity in a stable, cash-flowing asset class.
Turnkey Investment: Low-maintenance setup ideal for passive investors or portfolio expansion.
Growing Market: Located in the Cleveland, TX area, benefiting from rapid population growth and increasing rental demand.
Convenient Access: Close to major highways, local services, and community amenities, supporting long-term tenant retention.
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