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Mobile Home Park Details

  • Price: $3,410,000
  • Cap Rate: 6.5%
  • Listing ID: 6748895
  • Posted On: Oct 15, 2024
  • Updated On: Oct 15, 2024

Description

Maple Leaf is a newly expanded 33-site community in Northeast Houston. Conveniently located near I-69, Houston Intercontinental Airport (IAH), and Beltway 8, it offers excellent employment opportunities and easy access throughout the metro area. The property has city water and sewer services, which are sub-metered and billed directly to residents.

Maple Leaf offers a great opportunity to purchase a stabilized asset in Houston. Houston continues to grow and solidify itself as a top MSA for manufactured housing with rent growth potential across the market. The property presents a value-add opportunity through converting the park owned rentals to home sales and reducing operating expenses associated with the park owned homes moving forward.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 33
Year Built: 1993
Size: 3 acre(s)

Financial Information

Net Operating Income: $182,560

Utility Information

Water: City
Sewer: City

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