261 Shenandoah
Property Description
Excellent investment opportunity in highly desirable Hallsville ISD! Situated on approximately 2 acres, this income-producing property features four tenant-occupied manufactured homes with immediate cash flow and room to expand by adding additional homes. Three of the homes were built in 2012, while the fourth was built in 1979. Significant recent improvements have already been completed, including new roofs on Units 1, 2, and 3 (2025). Unit 1 also received all-new flooring in 2026 and includes a recently installed ADA-accessible ramp. Three newer units are in great condition with only minor issues. Unit 4 features a recently replaced HVAC system and is occupied by a long-term tenant. Current rental income includes Unit 1 at $950/mo, Unit 2 $875/mo, Unit 3 $850/mo and Unit 4 at $675/mo, with all four homes currently leased, including two long-term tenants, providing stable income from day one. The property is serviced by an aerobic septic system with a current maintenance contract already in place, adding peace of mind for the new owner. With its strong rental history, valuable updates, expansion potential, and excellent location in Hallsville ISD, this is an outstanding opportunity for investors looking to grow their portfolio or add a turnkey income-producing property.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $349,900 |
| No. of Units: | 4 |
| Year Built: | 2012 |
| Opportunity Zone: | No |
| Price per unit: | $87,475 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-LAARTX-20264566
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