23927 Alanwood Dr

About this home

Unique income-producing property situated on approximately 8.22 acres with five residential units offering exceptional space and separation between residences. The property includes a main residence with an attached one-bedroom unit and three detached 3-bedroom/2-bath manufactured homes. The manufactured homes have been updated and are well maintained, with concrete pads, covered porches or decks. Four units are currently leased, while the main residence is owner occupied, providing additional rental-income potential. Tenants pay their own utilities. A gated entrance, substantial open acreage and views of the neighboring ranch contribute to the property's private, low-density setting. The site also offers potential for additional residential units, subject to applicable permitting and approvals. An uncommon opportunity for an investor seeking existing rental income together with acreage and future expansion potential. Income figures assume the main house (currently owner occupied) are rented at market rent of approx $2200/mo. Please independently research & analyze market rent.

Property details

Property type

1STRY

Year built

2010

Square feet

5,667 sq ft

Lot size

8.22

Subdivision

CRESTWOOD ACRES

School district

South Side I.S.D

MLS #

2016314