11891 FM 1409 - Manufactured Housing/Mobile Housing FOR SALE


Dayton, TX 77535
$785,000 USD
281-748-4874
11891 FM 1409, Dayton, TX for Sale
$785,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/9
null | 10.03% Cap Rate

11891 FM 1409
Dayton, TX 77535


OVERVIEW

- Includes 2 existing grandfathered mobile homes on the lot. - Additionally, 3 RV trailers/campers owned by the seller will be included as part of the sale. All owner-owned RV units currently on-site are included in this transaction. - The park is currently generating good rental income, with ongoing increases as we continue pre-leasing for long-term tenants. - Approximately 25 RV hookup sites, all equipped with water, sewage, and 30/50 amp electrical service. - A septic system (design attached) built within the last 5 years. - Two water wells, including one backup well. - An on-site tenant currently provides lawn maintenance and serves as a point of contact for tenant needs. - A 1-bedroom, 1-bath apartment with kitchen located centrally on the property. - A laundry room in front of the apartment, ready for installation of 2 coin-operated washer/dryer units for additional income. -The right side of the park is intentionally kept open, offering flexibility for the new owner to develop (e.g., tiny homes or other projects). - At the rear of the property, there is an open metal frame structure that can be converted into approximately 4 rentable storage units with roll-up doors * Additional Notes: The property is currently offered below appraised value. Final sale price may be adjusted based on updated income, as current tenants are long-term, passive, and continue to stabilize and increase revenue. This property offers a strong income base with multiple value-add opportunities for future growth.

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$31 USD /SF

# OF UNITS

25

PRICE/UNIT

$31,400

CAP RATE

10.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,771 SF

ZONING

A1

APN/PARCEL ID

000173-000012-002

ASK ABOUT THIS PROPERTY

Kevin Duc NguyenAbsolute Realty Group, Inc.More Info
281-748-4874

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Kevin Duc NguyenAbsolute Realty Group, Inc.More Info
281-748-4874

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.