1623 Brazos St - 1623 Brazos St 4 Unit Apartment Building Offered at a 12.90% Cap Rate Hempstead, TX 77445

1623 Brazos is a fully occupied 4-unit mobile home park situated on 0.3 acres in the growing Hempstead area. The property consists of three 3-bedroom, 2-bath units and one 2-bedroom, 2-bath unit, all generating consistent rental income and immediate cash flow. Each unit is individually metered for city water and sewer, minimizing landlord responsibilities and management overhead.
The mobile homes are older and will require replacement in the future, and the pricing reflects these anticipated operating costs, offering value for investors willing to take a hands-on approach. Despite this, the property presents a turnkey investment opportunity in a compact, manageable size with strong occupancy and income stability. Located in an area experiencing growth and development, 1623 Brazos offers both short-term cash flow and long-term appreciation potential, making it an attractive acquisition for investors seeking a combination of income and future upside.
INVESTMENT HIGHLIGHTS
-12.9% CAP
-Fully Occupied: 100% occupancy provides immediate, stable cash flow.
-Turnkey Income Property: Small, manageable 4-unit park ideal for hands-on or semi-passive investors.
-Individually Metered Utilities: City water and sewer with individual meters reduce landlord responsibilities and operating costs.
-Minimal Management Requirements: Low-maintenance park with straightforward day-to-day operations.
-Strong Growth Market: Located in an expanding area of Hempstead with potential for rental growth and property appreciation.
-Value-Add Opportunity: Older mobile homes provide upside potential through unit updates or replacements. Current rents are below market, allowing for rental increases and higher income potential.