Investment Overview

Marcus & Millichap proudly presents Judy's Mobile Home Park, a 12-space mobile home park in Onalaska, Texas. This opportunity is being offered at an 9.49% capitalization rate, backed by an estimated net operating income of $35,569. The park is comprised of nine rent-to-own homes, three tenant-owned homes with the potential to add 8 more. It has historically maintained 100% occupancy. Monthly lot rent for mobile homes is $325, while park-owned home rents range from $475 to $600. The park currently has 12 homes which are all occupied and 8 more additional city permitted sites that could accommodate homes if the new owner were to upgrade the utilities and concrete. The park is serviced by city water and sewer systems, with tenants responsible for their own electricity, water, and sewer expenses. In exchange for managing the park, the manager in space number two has their lot rent waived. To schedule property tours, please contact Marcus & Millichap listing agents. Prior approval is required before visiting the park. The due diligence documents can be viewed here.