Investment Overview

Marcus & Millichap is pleased to present JB Mobile Home Park, a 51-space mobile home/RV community in Houston, Texas. The park is situated 5 miles north of Pearland Shopping Center and 8 miles south of Reliant Stadium. JB Mobile Home Park is being offered with seller financing. Please refer to the Offering Summary page for detailed terms. The property features a total of 31 park-owned mobile homes, two tenant owned mobile homes, 16 RV lots, two single-family homes: the Anderson Road Home (three bedrooms, two bathrooms) and the White House (three bedrooms, one bathroom), a cell tower, and over one acre of land available for future expansion. The average rent for park-owned mobile homes is $825 per month. RV lots are leased at $500 per month, which includes all utilities. The mobile home section consistently maintains 100% occupancy, while the RV section operates at an average occupancy rate of 75%. The two homes on the property are currently rented at $1,200 per month each. In addition, the on-site cell tower is expected to generate approximately $13,000 in annual income for the owner once the associated note is fully paid off. The Park operates on city water and sewer. The water, sewer, and trash are all included in the rent. The electricity, gas, and internet are all direct billed to the tenants. The Park has a manager/receptionist, handy man, and a cleaning service that comes once a week. The handy man lives onsite in one of the RVs toward the back of the park. The new owner will be responsible for sourcing a new manager. Please do not visit the park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.