Residential Income Portfolio

2483 Waterwood Drive Chandler, TX 75758

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Fully leased portfolio offering two 2025 tiny homes and one mobile home as a single income-producing asset.

Type:Multifamily
Property size:
2,797 SF
Price / SF:
$123/SF
Added:
Jun 20, 2026
Days on Market:
21
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


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.

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

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 (±1% cap)
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 (±1% cap)
NOI $68,873 @ 7.0% cap · market cap 19.96%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

HVAC Service Grocery & Convenience Store Bakery Nail Salon Restaurant Hair Salon Storage Facility Pet Store Kitchen & Bath Showroom Spa & Massage Center

Zoning and permitted uses should be independently verified with local authorities.

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
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