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138 Grey Moss Ct. For Sale 138 Grey Moss Ct 2 Unit Apartment Building $370,000 ($185,000/Unit) Ingram, TX 78025
Investment Highlights
- Fully occupied income-producing rental property
- Two (2) separate residential units
- Unit A: 3BR / 2BA manufactured home (1,368 SF)
- Immediate cash flow upon acquisition
- Lot size: 0.38 acres with mature landscaping
- Unit B: 1BR / 1BA cottage (694 SF)
Executive Summary
138 Grey Moss Ct., Ingram, TX 78025 offers a stabilized, income-producing investment in the Westwood Oaks subdivision of the Texas Hill Country. The property delivers immediate cash flow with 100% occupancy and a proven rental history.
The site includes two separate residential units on one parcel, totaling 2,062± square feet on a 0.38-acre lot with mature landscaping. The first unit features a 3-bedroom, 2-bath manufactured home. The second unit includes a 1-bedroom, 1-bath cottage. Both units underwent renovations in 2022. The property sits within Ingram Independent School District, a key driver of rental demand. Its location offers quick access to Kerrville amenities, medical facilities, and regional employment centers. The Hill Country setting further supports consistent tenant demand.
Current leases provide annual gross income of approximately $33,225. Investors can step into a turnkey asset with minimal capital needs and stable operations. Fencing between units supports tenant privacy and long-term retention. Seller financing may be available for qualified buyers. A nearby sister property also offers potential for portfolio expansion.
Highlights:
Investment Overview
• Fully occupied income-producing rental property
• 100% leased with established tenants
• Annual gross income: ~$33,225
• Immediate cash flow upon acquisition
• Seller financing may be available to qualified buyers
• Sister property available for portfolio scaling
Property Specifications
• Two (2) separate residential units
• Total living area: 2,062± SF
• Lot size: 0.38 acres with mature landscaping
• Unit A: 3BR / 2BA manufactured home (1,368 SF)
• Unit B: 1BR / 1BA cottage (694 SF)
• Renovated in 2022
• Ingram Independent School District
Interior & Construction Features
• Wood-look cabinetry throughout
• Vinyl plank flooring
• Premium countertops
• Modern appliances in both units
• Low-maintenance construction
• Fencing between units for tenant privacy
Financial & Operational Strengths
• Strong monthly cash flow
• Stable rent roll with annual leases in place
• Minimal ongoing capital expenditure needs
• Proven operating history
• Low operating expense profile
Location & Market Advantages
• Located in Westwood Oaks, an established subdivision
• Texas Hill Country setting with strong rental demand
• Minutes to Kerrville amenities and medical facilities
• Access to regional employment, tourism, and recreation
• Proximity to Boerne and the San Antonio metro area
• Desirable school district supporting long-term tenancy
The site includes two separate residential units on one parcel, totaling 2,062± square feet on a 0.38-acre lot with mature landscaping. The first unit features a 3-bedroom, 2-bath manufactured home. The second unit includes a 1-bedroom, 1-bath cottage. Both units underwent renovations in 2022. The property sits within Ingram Independent School District, a key driver of rental demand. Its location offers quick access to Kerrville amenities, medical facilities, and regional employment centers. The Hill Country setting further supports consistent tenant demand.
Current leases provide annual gross income of approximately $33,225. Investors can step into a turnkey asset with minimal capital needs and stable operations. Fencing between units supports tenant privacy and long-term retention. Seller financing may be available for qualified buyers. A nearby sister property also offers potential for portfolio expansion.
Highlights:
Investment Overview
• Fully occupied income-producing rental property
• 100% leased with established tenants
• Annual gross income: ~$33,225
• Immediate cash flow upon acquisition
• Seller financing may be available to qualified buyers
• Sister property available for portfolio scaling
Property Specifications
• Two (2) separate residential units
• Total living area: 2,062± SF
• Lot size: 0.38 acres with mature landscaping
• Unit A: 3BR / 2BA manufactured home (1,368 SF)
• Unit B: 1BR / 1BA cottage (694 SF)
• Renovated in 2022
• Ingram Independent School District
Interior & Construction Features
• Wood-look cabinetry throughout
• Vinyl plank flooring
• Premium countertops
• Modern appliances in both units
• Low-maintenance construction
• Fencing between units for tenant privacy
Financial & Operational Strengths
• Strong monthly cash flow
• Stable rent roll with annual leases in place
• Minimal ongoing capital expenditure needs
• Proven operating history
• Low operating expense profile
Location & Market Advantages
• Located in Westwood Oaks, an established subdivision
• Texas Hill Country setting with strong rental demand
• Minutes to Kerrville amenities and medical facilities
• Access to regional employment, tourism, and recreation
• Proximity to Boerne and the San Antonio metro area
• Desirable school district supporting long-term tenancy
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$33,225
|
$16.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$33,225
|
$16.11
|
| Taxes |
$1,495
|
$0.73
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,495
|
$0.73
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $33,225 |
| Annual Per SF | $16.11 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $33,225 |
| Annual Per SF | $16.11 |
| Taxes | |
|---|---|
| Annual | $1,495 |
| Annual Per SF | $0.73 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,495 |
| Annual Per SF | $0.73 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $370,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $185,000 | Lot Size | 0.82 AC |
| Sale Type | Investment | Building Size | 2,062 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1980/2022 |
| Zoning | OCL - OCL No Restrictions | ||
| Price | $370,000 |
| Price Per Unit | $185,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Lot Size | 0.82 AC |
| Building Size | 2,062 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2022 |
| Zoning | OCL - OCL No Restrictions |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Breakfast Nook
- Porch
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 2 | $1,338 | - |
1 1
Property Taxes
| Parcel Number | R41103 | Total Assessment | $145,043 (2025) |
| Land Assessment | $35,000 (2025) | Annual Taxes | $1,495 ($0.73/SF) |
| Improvements Assessment | $110,043 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
R41103
Land Assessment
$35,000 (2025)
Improvements Assessment
$110,043 (2025)
Total Assessment
$145,043 (2025)
Annual Taxes
$1,495 ($0.73/SF)
Tax Year
2024
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