Investment Overview

Marcus & Millichap is pleased to present Ameron Estates, a 17-space mobile home community located in Vidor, Texas. The property sits just off Interstate 10 in the heart of Vidor, conveniently positioned between Beaumont and Orange. Ameron Estates is being offered at a 9.15 percent capitalization rate with a day-one net operating income of $127,234. Of the 17 spaces, 16 are park-owned, and one is an RV space currently occupied by the owner’s RV, which the new owner could rent out for additional income. The average age of the park-owned homes is 2016, with most being 2019 models or newer, and all have been kept in excellent condition. Current rental rates range from $995 to $1,295, averaging around $1,150. Tenants are billed for an additional $50 to $75 monthly water fee, though each lot is individually metered, giving the buyer the option to bill tenants directly for water usage. The community operates on city water and city sewer, and all water and sewer lines were replaced in 2019. It is self-managed by the owners, who utilize contracted maintenance workers. Several existing tenants have expressed a willingness to assume day-today managerial responsibilities if necessary for the new owner. The sellers are willing to owner-finance with a down payment of $500,000 (first position only), 6 percent interest, 30-year amortization, and a 5-year balloon. All offers should include proof of funds and/or schedule of real estate owned. Please do not visit the property without prior approval. All tours must be arranged through Marcus & Millichap agents.