Residential Income
2483 Waterwood Drive, Chandler, TX 75758
New
Fully leased portfolio offering two 2025 tiny homes and one mobile home as a single income-producing asset.
Type:Multifamily
Property size:
2,797 SFPrice / SF:
$123/SF- Added:
- Jun 20, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 24 at 3:31 am
Property Features for 2483 Waterwood Drive
General Information
- Standard status
- Active
- Size
- 2,797 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing office Scarborough Commercial Real Estate
Listing date Jun 20, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Scarborough Commercial Real Estate
HighLights
- Fully occupied residential investment portfolio offered as one asset: two 2025 tiny homes and one mobile home
- Two 616 SF tiny homes built in 2025 on approximately 0.66 acres, currently leased to existing tenants
- 1,565 SF mobile home on a separate 0.39‑acre lot, also currently leased
- Portfolio includes fenced yard for the mobile home, plus carport parking and a separate septic system
- All three residences are leased and generating rental income, providing stabilized occupancy
Overview
This offering is a fully occupied residential investment portfolio made up of two recently built tiny homes and one mobile home, sold together as a single asset. The two tiny homes are 616 SF each and were built in 2025, sharing a common yard arrangement. A separate 1,565 SF mobile home sits on its own lot and includes a fenced yard, carport parking, and a separate septic system. All three residences are currently leased to existing tenants, creating a stabilized configuration intended to keep downtime minimal.
The property is located within the Waterwood community in Chandler, Texas, and is presented as two tiny home lots totaling approximately 0.66 acres, along with a separate 0.39-acre lot for the mobile home. The homes are offered together, simplifying ownership for buyers seeking a residential portfolio rather than a single-unit investment.
For investors, this structure provides a diversified residential mix within one purchase, combining newer tiny home product with an existing mobile home improvement package that includes dedicated site services and covered parking. For owner-operators or long-term stakeholders, the fully leased status and current tenant occupancy provide an immediate path to rental income while retaining flexibility to manage the three units under one ownership group.
The property is located within the Waterwood community in Chandler, Texas, and is presented as two tiny home lots totaling approximately 0.66 acres, along with a separate 0.39-acre lot for the mobile home. The homes are offered together, simplifying ownership for buyers seeking a residential portfolio rather than a single-unit investment.
For investors, this structure provides a diversified residential mix within one purchase, combining newer tiny home product with an existing mobile home improvement package that includes dedicated site services and covered parking. For owner-operators or long-term stakeholders, the fully leased status and current tenant occupancy provide an immediate path to rental income while retaining flexibility to manage the three units under one ownership group.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.3k | $14.76 |
| − Vacancy | −$5.0k | −$1.77 |
| EGI | $36.3k | $12.99 |
| − OpEx | −$16.3k | −$5.84 |
| NOI | $20.0k | $7.14 |
2,797 SF · lease $14.76/SF/yr · vacancy 12.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$285.4K
$249.8K – $333.0K
NOI $19,981 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$983.9K
$860.9K – $1.15M
NOI $68,873 @ 7.0% cap · market cap 19.96%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Chandler
- County
- Henderson
- State
- Texas
- Longitude
- -95.51086
- Latitude
- 32.216667
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Fully leased portfolio offering two 2025 tiny homes and one mobile home as a single income-producing asset.
Where is this multifamily property located?
The property is located at 2483 Waterwood Drive Chandler, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Fully occupied residential investment portfolio offered as one asset: two 2025 tiny homes and one mobile home; Two 616 SF tiny homes built in 2025 on approximately 0.66 acres, currently leased to existing tenants; 1,565 SF mobile home on a separate 0.39‑acre lot, also currently leased
