Contact Information
Mobile Home Park Details
- Price: Call for Price
- Listing ID: 6726189
- Posted On: Sep 10, 2024
- Updated On: Sep 17, 2024
Description
Sunstone is pleased to present this stabilized 4-park portfolio for sale in the Houston MSA. The portfolio consists of 156 sites across four communities, with all four properties operating on city utilities and less than 25% of sites occupied by park owned homes. 96% of the sites across the portfolio are economically occupied.
These properties are positioned for operational efficiency and turn-key management. During current ownership, less than 5% of resident turnover has resulted in a vacant unit due to high demand for affordable housing in the market. Current management has been able to maintain investment returns in an escalated cost environment through diligent rent increases year over year, further proving stability in the market.
The portfolio is being offered unpriced, as current ownership is retiring from the business and has stated they are NET sellers at a market price. All market offers will be considered, call for details.
Park Information
Number of MH Lots: | 156 |
Total Occupancy: | 96.0 % |
Financial Information
Net Operating Income: | $721,215 |
Utility Information
Water: | City |
Sewer: | City |