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Mobile Home Park

Western Mobile Home Park

6113 Allison Rd, Houston, TX 77048

Listing Price: $5,100,000

Cap Rate
4.97%
Number of Spaces
82
Lot Size
13.48 acres
Occupancy
100.0%
Price/Space
$62,195
Spaces/Acre
6.08
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to present Western Mobile Home Park a 82-space mobile park in Houston, TX. The Park is being offered at a 4.97 percent capitalization rate with an estimated net operating income of $149,080 (Based on the existing 40 sites). New buyer will acquire a recently expanded asset in one of the largest major metro areas in the country. There are currently 38 mobile home spaces, two RV spaces, and 42 newly developed mobile home sites. The expansion has been built to a high-quality, featuring concrete streets, sidewalks, and street lighting. The park has recently been converted to city water and sewer, justifying a rent bump to $450 per site. Due diligence documents will be provided upon request.

Investment Highlights

  • Recently Converted to City Water/Sewer
  • 5 Miles from William P. Hobby Airport
  • Opportunity To Incubate Newly Developed Sites
  • Top 5 Largest MSA in the Country
  • Tenants Responsible for Electric, Water, & Sewer 5 E

Exclusively Listed By

Financing By

Mobile Home Park

Western Mobile Home Park

Listing Price: $5,100,000

Cap Rate
4.97%
Number of Spaces
82
Lot Size
13.48 acres
Occupancy
100.0%
Price/Space
$62,195
Spaces/Acre
6.08
Year Built
1998

Investment Highlights

  • Recently Converted to City Water/Sewer
  • 5 Miles from William P. Hobby Airport
  • Opportunity To Incubate Newly Developed Sites
  • Top 5 Largest MSA in the Country
  • Tenants Responsible for Electric, Water, & Sewer 5 E

Investment Overview

Marcus & Millichap is pleased to present Western Mobile Home Park a 82-space mobile park in Houston, TX. The Park is being offered at a 4.97 percent capitalization rate with an estimated net operating income of $149,080 (Based on the existing 40 sites). New buyer will acquire a recently expanded asset in one of the largest major metro areas in the country. There are currently 38 mobile home spaces, two RV spaces, and 42 newly developed mobile home sites. The expansion has been built to a high-quality, featuring concrete streets, sidewalks, and street lighting. The park has recently been converted to city water and sewer, justifying a rent bump to $450 per site. Due diligence documents will be provided upon request.

Exclusively Listed By

Financing By

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