Residential Income
2483 Waterwood Drive, Chandler, TX 75758
For Sale
Contact for pricing
Fully leased portfolio offering two 2025 tiny homes and one mobile home as a single income-producing asset.
Property Size2,797 SF
Price / SF$123.35
Days on Market147
Property Features for 2483 Waterwood Drive
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
Scarborough Commercial Real Estate
Listed By:
Samuel Scarborough, CCIM · License TX #687976
(903) 570-7366
Source:
Crexi
Added: Jun 20
Changed: Nov 3
Last Checked: Nov 12 at 7:34AM
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
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Investment Insights
Based on property information with market context.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,981
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,620
$399.6K
Cap Rate 7%
$285,443
$285.4K
Cap Rate 9%
$222,011
$222.0K
Market Conditions
NOI Build-Up for 2,797 SF
Gross rent
$41.3K $14.76/SF
− Vacancy
−$5.0K −$1.77/SF
EGI
$36.3K $12.99/SF
− OpEx
−$16.3K −$5.84/SF
NOI
$20.0K $7.14/SF
Area
Henderson County, TX
Vacancy
12.00%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,620
Cap Rate 7%
$285,443
Cap Rate 9%
$222,011
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 authorities.
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Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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Business Placement
Demographics for 75758, TX
9,890
Population
5,080
Households
1.9
Avg Household Size
47
Median Age
21%
College-Educated
91%
High-School Grad
44.2 sq mi
ZIP Area
224
Density / Sq Mi
$58,587
Median Household Income
$37,653
Median Earnings
$982
Median Rent
$159,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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
