3621 County Road 161 - Manufactured Housing/Mobile Housing FOR SALE


Alvin, TX 77511
$1,475,000 USD
713-817-7218
3621 County Road 161, Alvin, TX for Sale
$1,475,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/22
null | 9.22% Cap Rate

3621 County Road 161
Alvin, TX 77511


HIGHLIGHTS

  • Location is walking distance of two elementary schools
  • All rents collected online
  • Tenants pay their own electricity and trash pickup
  • Low maintenance and well maintained community
  • Underground electrical utilities, city water and sewer
  • All units have PEX plumbing, refrigerator, washer/dryer

OVERVIEW

Introducing the Community Park of Alvin MHP, a prime investment opportunity at 3621 County Road 161, Alvin, Texas 77511. This well-maintained mobile home park boasts convenient amenities and a strategic location within walking distance of two elementary schools. With tenants responsible for utilities and trash pickup, the park offers a hassle-free management experience. Benefiting from underground utilities, LED lighting, and a reliable drainage system in Flood Zone X, this property requires low maintenance. The park features modern homes with galvanized aluminum skirting, enhancing its curb appeal. Positioned in a growing submarket with low vacancy rates, this property presents a lucrative investment in a thriving community. Furthermore, the economic development in Alvin, including new home expansions and proposed medical facilities, indicates a positive outlook for real estate in the area. Don't miss out on this opportunity to own a high-performing mobile home park in a developing market. Contact us today for more information. Stabilized and proven mobile home park in a healthy and growing submarket. Well developed property with excellent tenants and no deferred maintenance issues. All 1 year leases with room to raise rents upon renewal.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

14

PRICE/UNIT

$105,357

CAP RATE

9.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Community Park of Alvin

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

0041

APN/PARCEL ID

0478-0022-122

ASK ABOUT THIS PROPERTY

Dennis RoeserTenaro RealtyMore Info
713-817-7218

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Dennis RoeserTenaro RealtyMore Info
713-817-7218

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