Moody Portfolio
Turnkey 7-Unit Investment, Fully Renovated in Moody, TX
Marketing description
The Moody Portfolio is a fully renovated, stabilized 7 stand alone houses portfolio located in Moody, Texas, consisting of five 2-bedroom / 1.5-bath units and two 3-bedroom / 2-bath units situated across two parcels totaling approximately 0.95 acres. The portfolio is zoned Residential, features professional management in place, and has undergone a comprehensive renovation that was completed as of July 2024. The portfolio is currently 100% occupied with long-term leases in place, providing immediate, predictable cash flow for a new owner.
Moody benefits from its strategic position along US Highway 84 and State Highway 36, with convenient access to Interstate 35, connecting tenants to larger employment centers such as Waco, Temple, Killeen, and the greater Central Texas region. The area offers a small-town living environment with limited rental inventory, contributing to strong tenant demand and quick lease-up performance. The subject units appeal to tenants due to their modernized interiors, functional floor plans, and competitive rental rates relative to surrounding markets. Portfolio has standing waiting list which demonstrates the depth of demand, even following meaningful rent increases after renovation.
Investment highlights
- Portfolio of seven renovated houses in a supply-constrained market
- Exterior feature highlights: Limestone siding and metal roofs
- Central Moody location with convenient access to Highway 84, Highway 36, and I-35
- Functional, in-demand unit layouts appealing to long-term tenants
- Minimal historical vacancy and strong tenant payment performance
- Opportunity for continued operational efficiencies and long-term hold stability
- Complete rehabilitation recently finished, limiting near-term capital expenditure requirements
- Fully occupied portfolio with long-term leases in place, providing immediate income stability
- Combined annual property taxes of approximately $14,000, well below regional averages for similar income levels
- Current insurance costs reflect bank ownership and are expected to normalize downward for a private buyer
- Experienced property manager in place with deep knowledge of the Moody market and a willingness to continue with new ownership
- Successful lease-up following post-renovation rent increases highlights strong tenant demand and market depth
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