A well-established 90 space family mobile home community on about 21 acres located near Tyler, Texas, in Whitehouse. Lots are large with plenty of shade trees. Community is on city utilities except for gas. This is a superb location in a great school district, convenient to shopping, hospitals, colleges, employment and transportation.
There are 49 park-owned homes, most 1999 or newer, all refurbished as necessary and in good condition. The property is well-maintained, with no deferred maintenance. The asphalt streets and parking pads were repaved in March 2016. There are no common area amenities for ownership responsibility. There is lots of upside, as 74 lots are occupied, and rents in the area are as high as $380, while these are only $355-365. An energetic new owner could find another 10 lots here too, to make it a 100 space park, and sell it to an entity with a 100 space minimum purchase criteria.
The Tyler/Whitehouse area is a highly desirable, lovely, affluent and growing area of approximately 100,000 serving as a hub for many surrounding communities. It is located midway between Dallas and Shreveport on I-20. The Rose Capital of the Nation is surrounded by rolling hills, lush vegetation and numerous lakes. The economy is diversified and strong and includes three renowned hospitals, two major colleges, a newly expanded airport, and is a magnet for developers building high end subdivisions.