232 Avenue D - Manufactured Housing/Mobile Housing FOR SALE
Port Lavaca, TX 77979 |
$950,000 USD
214-206-8654
232 Avenue D
Port Lavaca, TX 77979
HIGHLIGHTS
- Embedded NOI Growth Opportunity: Current lot rents include all utilities, creating a clear path to increase net operating income
- Demand Supported by Major Industrial Employers: Proximity to Formosa Plastics, Dow Chemical, and Green Lake Works
- Accessible, High-Visibility Location: The property benefits from frontage near US-87 and close proximity to Buc-ee’s, with HEB, restaurants
- Amenity Package Supports Tenant Retention: On-site amenities include two complimentary laundry facilities, additional showers and restrooms
- Multiple Revenue Streams: The property offers three distinct income sources through RV lots, cabin rentals, and room rentals, broadening tenant appeal
- Operational Upside in Rental Structure: Current site rents are $420 per month inclusive of electricity
FOR SALE DETAILS
PRICE
$950,000 USD
PRICE/SF
$73 USD /SF
# OF UNITS
40
PRICE/UNIT
$23,750
CAP RATE
8.45%
% LEASED
35%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Manufactured Housing/Mobile Housing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.65 AC
LAND SF
115,400 SF
ZONING
-
APN/PARCEL ID
54438
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214-206-8654
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214-206-8654
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