2804 US Highway 380 - Manufactured Housing/Mobile Housing FOR SALE


Decatur, TX 76234
$1,960,000 USD
469-363-0209
2804 US Highway 380, Decatur, TX for Sale
$1,960,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/24
null | 8.57% Cap Rate

2804 US Highway 380
Decatur, TX 76234


HIGHLIGHTS

  • Manage from Home
  • Immediate Cash Flow

OVERVIEW

Turnkey tiny home rental community in unincorporated Wise County with strong occupancy and stable cash flow. The property includes 16 custom-built tiny homes (approx. 392 sq. ft. each), all currently leased. Each home features a full kitchen with refrigerator, cooktop, oven, and microwave; homes are delivered unfurnished, providing flexibility for long-term or short-term rentals. Tenants enjoy included water, electric, and trash service. Additional amenities include an on-site coin laundry with Speed Queen equipment. The property is supplied by city water with a septic system, allowing future expansion without city zoning or approvals. Financially simple and low-maintenance, the community produces an 8.61% cap rate on $167,965 NOI with clear long-term demand in the fast-growing Decatur/DFW corridor. Eagles Nest Tiny Homes. 2820 Highway 380, Decatur, TX 76234. List Price: $1,950,000 Cap Rate: 8.61% Net Operating Income NOI $167,965 Also available as a single turnkey investment: the 380 Eagle’s Nest Tiny Home & Storage Facility as a combined portfolio. Includes 16 fully leased custom tiny homes with full kitchens and utilities included, an on-site coin laundry, and this 50-unit storage facility with 5 parking spaces. Combined operations generate $276,219 NOI on $361,620 gross income, delivering a 10.26% cap rate at $2,650,000 with upside as storage lease-up continues. Disclaimer: Aerial imagery is for illustration purposes only. Property boundaries and acreage approx. 1.86 acres are subject to survey; sales price is not contingent on exact land size. Property to be conveyed by metes and bounds description.

FOR SALE DETAILS

PRICE

$1,960,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

16

PRICE/UNIT

$122,500

CAP RATE

8.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

380 Eagles Nest Tiny Home Community

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

None. Outside City Limits

APN/PARCEL ID

A0538002800

ASK ABOUT THIS PROPERTY

Charles & Laura HortonThe Michael Group Real Estate & ManagementMore Info
469-363-0209

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

Charles & Laura HortonThe Michael Group Real Estate & ManagementMore Info
469-363-0209

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