Investment Overview

Marcus & Millichap is pleased to present Modern Trailer Park, a 15-space mobile home park in Rosenberg, Texas. The park is strategically located off highway 90 and has two entry points. This well-maintained community has easy access to local schools, recreation, shopping and entertainment. Modern Trailer Park is being offered at an 10.03 percent blended capitalization rate with an estimated net operating income of $115,393. The park has 15 tenant-owned homes, three apartments, a vacant 1,200-square-foot house, and a three-unit retail pad. The park historically operates at 100 percent occupancy. The park charges a monthly rate of $500 for the mobile homes, $500-$800 for the apartments, and $3,300 for the retail pad. The new owner has the opportunity to renovate the house and rent it out for $2,000 per month. The park runs on all city utilities. The sewer and trash are included in rent for the mobile homes. These tenants are responsible for their own electricity. The water, sewer, trash, and electricity are all included in rent for the three apartments. The water is submetered for eight homes. The other seven homes are charged $50 per month for water. The current owner manages the park himself. Please do not visit park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.