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Phyllis Browning Company Logo Active Commercial Multifamily

138 Grey Moss Court, Ingram, Texas, 78025, USA

Co-listed by: Lisa D. Grove USD $375,000
Reference ID:CREXI-BS10923 Web ID:e827f
  • Two-unit income producing property

  • Fenced units provide privacy

  • Positive cash flow

  • NOI of $29,327

  • 7.8% cap rate

138 GREY MOSS COURT INGRAM, TEXAS 78025 Income-Producing Rental Property ________________________________________ EXECUTIVE SUMMARY We are pleased to present an exceptional investment opportunity featuring a fully occupied property in the desirable Westwood Oaks subdivision of Ingram, Texas. This turnkey investment offers immediate cash flow with strong fundamentals and a proven rental history. Seller financing may be available for qualified buyers. Key Investment Metrics Annual Gross Income$33,225 Current Occupancy100% ________________________________________ PROPERTY OVERVIEW Property Specifications *2,062+/- total square feet *0.38 acre lot with mature landscaping *Two separate home units: one 1,368 SF 3/2 mobile home and one 1/1 694 SF cottage *Renovated in 2022 *Ingram Independent School District Location Advantages *Westwood Oaks subdivision *Texas Hill Country setting *Strong rental market fundamentals *Proximity to Kerrville and San Antonio *Quality school district Property Features *Wood-look cabinetry throughout *Vinyl flooring and premium countertops *Modern appliances in both units *Fenced between units for privacy *Low-maintenance construction Investment Highlights *Established tenant base *Recent renovations completed *Strong cap rate performance *Minimal capital expenditure needs *Stable cash flow history *Seller financing may be available to qualified candidates ________________________________________ CURRENT RENT ROLL Active Tenants - October 2024 Unit A *Monthly Rent: $1,550 *Unit Size: 3BR/2BA, 1,368 SF *Lease Start: October 1, 2024 *Term: 12 months *Security Deposit: $1,650 Unit B *Monthly Rent: $1,200 *Unit Size: 1BR/1BA, 694 SF *Lease Start: June 1, 2025 *Term: 12 months *Security Deposit: $1,350 Total Monthly Rental Income: $2,750 ________________________________________ FINANCIAL ANALYSIS 2025 Pro Forma Operating Statement Revenue & ExpensesAnnual AmountMonthly Amount GROSS RENTAL REVENUE$33,225$2,769 Unit A ($1,550 × 12 months)$18,675$1,556 Unit B ($1,200 × 12 months)$14,550$1,213 ONE-TIME EXPENSES (2024)($2,571)($214) Insurance($1,076)($90) Real Estate Taxes($1,495)($125) Key Investment Metrics Summary Cash Flow Analysis: *Strong monthly cash flow *Immediate income generation upon acquisition *Stable tenant base with established leases Investment Advantages: *Turnkey Property - Recently renovated and fully occupied *Low Maintenance - Minimal ongoing capital expenditure needs *Stable Cash Flow - Proven rental history with quality tenants ________________________________________ MARKET ANALYSIS Ingram, Texas Investment Climate Located in the heart of the Texas Hill Country, Ingram offers investors a unique combination of scenic beauty and rental market stability. Demographics & Economic Drivers Community Characteristics: *Growing population seeking rental housing *Family-oriented community atmosphere *Strong local employment base *Quality school district attracts long-term tenants Economic Fundamentals: *Tourism and hospitality sector growth *Proximity to Kerrville medical facilities *Expanding retirement community *Hill Country recreation economy *Stable rental demand patterns Location Benefits: *Westwood Oaks is an established, desirable subdivision *Close proximity to major Texas markets (San Antonio) *Hill Country location provides natural beauty and recreation *Strong community amenities and infrastructure - 9/9/2025 3:15:44 AM
  • Transaction Type:Commercial
  • Property Type:Multifamily
  • Status:Active
Map
Businesses Nearby

Saltgras

(1 mile away)

Barrera’s Taco Shop

(1 mile away)

Copper Pot

(1 mile away)

Ole Ingram Social Club

(2 miles away)

Hunter House Cafe

(2 miles away)
Public Transportation

Greyhound: Bus Station

(5 miles away)
Airports

Kerrville-Kerr County Airport

(11 miles away)

San Antonio International Airport

(59 miles away)

Austin-Bergstrom International Airport

(93 miles away)

Killeen Regional Airport

(107 miles away)

Corpus Christi International Airport

(191 miles away)

Fort Worth Meacham International Airport

(218 miles away)

Conroe-North Houston Regional Airport

(228 miles away)

George Bush Intercontinental Airport

(232 miles away)

Dallas Fort Worth International Airport

(233 miles away)

Rick Husband Amarillo International Airport

(383 miles away)
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Property Highlights

  • Two-unit income producing property

  • Fenced units provide privacy

  • Positive cash flow

  • NOI of $29,327

  • 7.8% cap rate