Investment Overview

Marcus & Millichap is pleased to present Forest Oaks Village, a 37-space mobile home community in Austin, Texas. The park is located in the Manchaca community, roughly ten miles south of downtown Austin and less than four miles from the nearest Walmart. Forest Oaks Village features 27 tenant-owned homes, one park-owned home, nine RV spaces, one 40x8’ shipping container, and a fully outfitted workshop. This community is known for its long-standing reputation as a safe, quiet, clean, and neighborly place to live. Approximately 71 percent of residents are aged 55 and older, with the average resident being 53 years old and having lived here for nearly 12 years. Lot rent at Forest Oaks Village is currently $700, offering a more affordable option compared to River Ridge Estates, located less than six miles away, where lot rents range from $790 to $890. All tenants are on month-to-month rental agreements. Historically, the park has consistently maintained full occupancy at 100 percent. The Park operates on a water well and septic leach field. For the mobile homes, the electric and cable TV are direct billed to the tenants and the electric is sub metered for the RV spaces. The sewer and trash are included in rent. The well operates under a utility license, and the owner bills tenants for water usage based on individual submeters. Land is available for expansion upon connection to city sewer. The park is currently managed by one of the owners who lives on site. Please do not visit the park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.