Property details
About 205 8th St
Investor Portfolio – 7 Renovated and Fully Leased Homes in Moody, TX Rare opportunity to acquire a fully leased, turnkey portfolio of 7 renovated single-family homes in the growing community of Moody, Texas. Ideally positioned between Temple/Belton and Waco, this package is perfectly suited for investors seeking immediate cash flow, strong tenant demand, and long-term appreciation potential. The portfolio includes five (5) 2-bedroom, 1.5-bathroom homes and two (2) 3-bedroom, 2-bathroom homes, each thoughtfully updated with modern interior finishes including granite countertops, luxury vinyl plank flooring, and updated kitchens and baths. These upgrades reduce capital expenditures and enhance tenant satisfaction and retention. All properties are currently under lease, generating a total monthly rental income of $9,270 and projected gross annual income of $111,240. Notably, 203 8th St is pre-leased with tenancy beginning July 1, 2025, further ensuring continued occupancy and income stability. This offering provides a projected cap rate of approximately 4.98, with room for upside through rent growth or individual resale strategies. Located in a walkable residential area, these homes offer tenants the comfort of country living with convenient access to local schools, parks, shops, and highways. Moody is a fast-growing small town with rising rental demand driven by proximity to large employment hubs like Baylor University, Baylor Scott & White Medical Center, and the expanding I-35 corridor. This location supports long-term value, stable tenancy, and appealing exit strategies. Whether you're expanding your portfolio, entering the Central Texas market, or looking for a stable, low-maintenance asset, this 7-home package offers a complete, income-producing investment on day one. Please do not disturb tenants. Showings available with proof of funds or lender pre-approval.
Highlights
Summary
- Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Range Hood, Water Heater, Range
- Flooring Type: Tile, Vinyl
- Interior: Ceiling Fan(s), Walk-In Closet(s), Granite Counters
- Fireplace: None
- Attached Garage: Yes
- Exterior: None
- Architectural Style: Ranch
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air, Electric
- List Price: $1,899,000
- Price/SqFt: $333
- Annual Tax Amount: $14,568
- Tax Year: 2024
- Directions: Heading North on I-35 take exit 314 to merge on I35 frontage road / Continue North towards Eddy, Tx / At intersection of I35 frontage & FM107/3rd St turn West (Left) / Continue West on FM107 to Moody, Tx / Prior to arrival in downtown Moody you will see railroad tracks / Properties will be just before railroad crossing on North side (left)
- Year Built: 1997
- Living Area: 5,702 SqFt
- Lot Size: 0.771 Acres
- MLS Number: 582636
- MLS Name: CentralTexas
- Office Name: Pine & Beckett, Realtors
- Office Phone: (432) 889-8208
- Listing Agent: Christophe Blanc
Data provided by the Central Texas MLS IDX program. Information deemed reliable but not guaranteed. Some properties which appear for sale may no longer be available due to no longer being offered for sale. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2025 Central Texas MLS, All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 7/16/2025, 3:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $500,000 | $14,568 |
2023 | $735,240 | $16,126 |
2022 | $709,640 | $16,126 |
2021 | $503,580 | $10,877 |
2020 | $432,240 | $11,070 |
2019 | $420,110 | $10,745 |
2018 | $399,860 | $10,745 |
2017 | $358,240 | $9,637 |
History based on county public records data.
Nearby schools
6
Moody Elementary School
Public District PK-4
0.5 mi
•200 Avenue D
4
Bruceville-Eddy Intermediate School
Public District 4-6
6.5 mi
•1 Eagle Dr
6
Troy Elementary School
Public District 2-5
8.4 mi
•808 E Austin St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,816. The most common annual income of people living in Moody, TX is between $35k-100k. Typical family type is married, no kids. Residents of this area typically have high school diploma education.
Frequently asked questions
About 205 8th St
The listing price of 205 8th St property is $1,899,000.
The property 205 8th St is a condo located in Moody, Texas, 76557.
Active Listing: 205 8th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 205 8th St are: Moody Elementary School (GreatSchools Rating 6/10), Bruceville-Eddy Intermediate School (GreatSchools Rating 4/10), Troy Elementary School (GreatSchools Rating 6/10), Moody Middle School (GreatSchools Rating 5/10), Bruceville-Eddy Junior High School (GreatSchools Rating 3/10), Raymond Mays Middle School (GreatSchools Rating 7/10), Moody High School (GreatSchools Rating 7/10), Bruceville-Eddy High School (GreatSchools Rating 5/10), Troy High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $14,568 (source: MLS/based on county public records data).
The property at 205 8th St has 0 bathroom.
The property 205 8th St is 5,702 SqFt (source: MLS/tax record).
The year of construction for 205 8th St is 1997.
This home is located at 205 8th St in Moody, TX and zip code 76557. This 5,702 square foot home, which was built in 1997, sits on a 0.77 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 8, 2025 and is currently priced at $1,899,000.
While more than 0 listings in Moody, TX in June 2025 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below. The number of homes for sale in Moody, TX increased by 10.3% between May and June 2025. In June 2025, listings were on the market for 216 days. During the same period, the median list price in this real estate market was $427,000.