417 E Houston Street, Out of Area, TX 78119
sale
$899,000
|
Other
Courtesy Of Rivet Real Estate
Instant cash flow opportunity located at 412 E. Houston Street in Kenedy, TX, this stabilized 7-unit manufactured housing community is 100% leased to Select Energy at $1,750 per month per unit (each valued ~$40k), generating a total of $12,250 per month in rental income from a single corporate tenant. Built in 2014 and maintained in excellent overall condition, the community offers the reliability of a corporate-backed, fully occupied income stream with minimal management complexity. The site spans approximately 1.6 acres and is zoned MH-1 (Manufactured Housing), with well-kept grounds and paved interior access. A corporate tenant like Select Energy brings the kind of payment consistency that individual tenant parks typically cannot match, making this an especially attractive acquisition for investors seeking low-risk, stabilized cash flow in the South Texas energy market. This community represents a turnkey opportunity with a strong existing income profile with a tenant that has been on site for over 5 years.
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Property Features
- Age: 11-20 Years Old
- Heating System: Central
- Legal Description: T-K KENEDY LOT 4-7, E 60.5 OF 3&8 BLK 2 (202200002487)
- MLSID: 179049
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