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  • $1,899,000

    205 8th St, Moody, TX 76557

    16beds
    9baths
    5,702sqft
    : 
    Multi Family, Apartment
    Built in 1997
    -- sqft lot
    $1,739,700 Zestimate®
    $333/sqft
    $-- HOA

    What's special

    Modern interior finishesGranite countertopsUpdated kitchens
    Investor Portfolio – 7 Renovated and Fully Leased Homes in Moody, TX Rare opportunity to acquire a fully leased, turnkey portfolio of 7 renovated single-family homes in the growing community of Moody, Texas. Ideally positioned between Temple/Belton and Waco, this package is perfectly suited for investors seeking immediate cash flow, strong tenant demand, and long-term appreciation potential. The portfolio includes five (5) 2-bedroom, 1.5-bathroom homes and two (2) 3-bedroom, 2-bathroom homes, each thoughtfully updated with modern interior finishes including granite countertops, luxury vinyl plank flooring, and updated kitchens and baths. These upgrades reduce capital expenditures and enhance tenant satisfaction and retention. All properties are currently under lease, generating a total monthly rental income of $9,270 and projected gross annual income of $111,240. Notably, 203 8th St is pre-leased with tenancy beginning July 1, 2025, further ensuring continued occupancy and income stability. This offering provides a projected cap rate of approximately 4.98, with room for upside through rent growth or individual resale strategies. Located in a walkable residential area, these homes offer tenants the comfort of country living with convenient access to local schools, parks, shops, and highways. Moody is a fast-growing small town with rising rental demand driven by proximity to large employment hubs like Baylor University, Baylor Scott & White Medical Center, and the expanding I-35 corridor. This location supports long-term value, stable tenancy, and appealing exit strategies. Whether you're expanding your portfolio, entering the Central Texas market, or looking for a stable, low-maintenance asset, this 7-home package offers a complete, income-producing investment on day one. Please do not disturb tenants. Showings available with proof of funds or lender pre-approval.
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    Zillow last checked: 7 hours ago

    Listing updated: June 17, 2025 at 07:11am

    Listed by:

    Christophe Blanc 432-889-8208,

    Pine & Beckett, Realtors,

    Chris Beckett 432-686-7000,

    Pine & Beckett, Realtors

    Source: Central Texas MLS,MLS#: 582636MLS LogoOriginating MLS: Temple Belton Board of REALTORS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 205 8th St.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 9
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric, 1 Unit
    Appliances
    • Included: Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Range Hood, Water Heater, Some Electric Appliances, Range
    • Laundry: Washer Hookup, Electric Dryer Hookup
    Features
    • Ceiling Fan(s), Vanity, Walk-In Closet(s), Granite Counters
    • Flooring: Tile, Vinyl
    • Attic: Access Only
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total interior livable area: 5,702 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 1
    • Parking features: Attached Carport
    • Carport spaces: 1
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    • Fencing: None
    • Has view: Yes
    • View description: None
    • Body of water: None
    Lot
    • Size: 0.77 Acres
    Details
    • Parcel number: 380070000021008

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Multi Family, Apartment
    • Attached to another structure: Yes
    Materials
    • Stone Veneer
    • Foundation: Slab
    • Roof: Metal
    Condition
    • Resale
    • Year built: 1997

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: M Ot
    HOA
    • Has HOA: No
    Location
    • Region: Moody

    Financial & listing details

    • Price per square foot: $333/sqft
    • Tax assessed value: $500,000
    • Annual tax amount: $10,008
    • Date on market: 6/8/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Road surface type: Dirt
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