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Mobile Home Park

Lakeside Ranch Mobile Home Park

425 Shady Shores Rd, Lake Dallas, TX 76208

Listing Price: $2,300,000

Cap Rate
7.06%
Number of Spaces
47
Lot Size
4.81 acres
Occupancy
49.0%
Price/Space
$48,936
Spaces/Acre
9.77
Year Built
1990

Investment Overview

Lakeside Ranch Mobile Home Park is a 47-site mobile home community located in Lake Dallas, Texas. The community consists of 43 mobile home lots, 3 stick built homes, and an office. It is on just over 4 acres and is situated right on Lewisville Lake. The community operates on city water and sewer and the residents are responsible for their own utilities. Lake Dallas is located northwest of the city of Dallas. It is well known as a great area for water sports and activities. There are also hiking trails and places to camp around the area. Lake Dallas is just 20 minutes outside of Denton where the major employers include the University of North Texas, Texas Women’s University, Sally Beauty, and the Denton Regional Medical Center. These major employers create a need for both short- and long-term housing. The community is well positioned in Denton County which is seeing tremendous economic and population growth. According to the North Texas Daily, “Denton County was one of three North Texas counties with “top 10” high population growth in 2021 with more than 20,000 new residents, according to recent U.S. Census Bureau data.” Lakeside Ranch Mobile Home Park is less than 5 minutes from the major highway Interstate 35E which leads into downtown Dallas and is 22 minutes from the DFW International Airport and the local Walmart Supercenter. This is a rare opportunity for an investor to acquire a lot rent mobile home park in the Dallas-Fort Worth Metroplex. There is upside potential for the next owner in filling vacant sites, rent growth, and appreciation. Lakeside Ranch Mobile Home Park is being offered at a day one Cap rate of 7.06 percent and a pro forma Cap rate of 7.25 percent.

Investment Highlights

  • Located in Denton County – On the Shores of Lewisville Lake
  • 7.06% Day One Cap Rate
  • Operates on City Water and Sewer
  • 100% Lot Rent Park

Exclusively Listed By

Mobile Home Park

Lakeside Ranch Mobile Home Park

Listing Price: $2,300,000

Cap Rate
7.06%
Number of Spaces
47
Lot Size
4.81 acres
Occupancy
49.0%
Price/Space
$48,936
Spaces/Acre
9.77
Year Built
1990

Investment Highlights

  • Located in Denton County – On the Shores of Lewisville Lake
  • 7.06% Day One Cap Rate
  • Operates on City Water and Sewer
  • 100% Lot Rent Park

Investment Overview

Lakeside Ranch Mobile Home Park is a 47-site mobile home community located in Lake Dallas, Texas. The community consists of 43 mobile home lots, 3 stick built homes, and an office. It is on just over 4 acres and is situated right on Lewisville Lake. The community operates on city water and sewer and the residents are responsible for their own utilities. Lake Dallas is located northwest of the city of Dallas. It is well known as a great area for water sports and activities. There are also hiking trails and places to camp around the area. Lake Dallas is just 20 minutes outside of Denton where the major employers include the University of North Texas, Texas Women’s University, Sally Beauty, and the Denton Regional Medical Center. These major employers create a need for both short- and long-term housing. The community is well positioned in Denton County which is seeing tremendous economic and population growth. According to the North Texas Daily, “Denton County was one of three North Texas counties with “top 10” high population growth in 2021 with more than 20,000 new residents, according to recent U.S. Census Bureau data.” Lakeside Ranch Mobile Home Park is less than 5 minutes from the major highway Interstate 35E which leads into downtown Dallas and is 22 minutes from the DFW International Airport and the local Walmart Supercenter. This is a rare opportunity for an investor to acquire a lot rent mobile home park in the Dallas-Fort Worth Metroplex. There is upside potential for the next owner in filling vacant sites, rent growth, and appreciation. Lakeside Ranch Mobile Home Park is being offered at a day one Cap rate of 7.06 percent and a pro forma Cap rate of 7.25 percent.

Exclusively Listed By

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