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.
Beautiful trees shade the 4.11 acres with 4 rental properties that are 100% occupied. 3/1, 2/1, 1/1 and 1/1. The property has a quonset hut & Beautiful shade trees. Close to 290 and the Waller Fair grounds.
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Hempstead is located in Texas. Hempstead, Texas has a population of 5,709. Hempstead is less family-centric than the surrounding county with 19.49% of the households containing married families with children. The county average for households married with children is 33.48%.
The median household income in Hempstead, Texas is $37,043. The median household income for the surrounding county is $65,379 compared to the national median of $69,021. The median age of people living in Hempstead is 23.9 years.
The average high temperature in July is 94.1 degrees, with an average low temperature in January of 38.4 degrees. The average rainfall is approximately 42.7 inches per year, with 0 inches of snow per year.