Horizon Dr @ Beth Ln - Manufactured Housing/Mobile Housing FOR SALE


West Tawakoni, TX 75474
$4,250,000 USD
254-314-5647
Horizon Dr @ Beth Ln, West Tawakoni, TX for Sale
$4,250,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/10
null | Request Cap Rate

Horizon Dr @ Beth Ln
West Tawakoni, TX 75474


HIGHLIGHTS

  • City water and city sewer — residents hold their own accounts, no master meter or septic.
  • 32 acres of excess land for expansion within an existing income-producing community.
  • Dallas–Fort Worth–Arlington MSA, roughly an hour east of downtown Dallas.
  • 27 park owned homes with no rent-to-own contracts encumbering the inventory.

OVERVIEW

JTACR Real Estate Group is pleased to present New Horizon Community, a 31-site manufactured housing community in West Tawakoni, Texas, positioned on the north shore of Lake Tawakoni within the Dallas–Fort Worth–Arlington MSA and roughly an hour east of downtown Dallas. The property spans 40.767 acres, of which approximately 8 acres are developed. Infrastructure: The community is served by city water and city sewer, with residents establishing their own utility accounts directly, as they do for electric and internet. There is no master meter, no submetering capital requirement, and no private septic or wastewater system to permit and maintain. For an asset of this size, that infrastructure profile removes an entire category of operating cost and administrative burden from ownership. Unit Mix: The community comprises 27 park owned homes, 3 tenant owned homes, and 1 vacant lot. No rent-to-own contracts encumber the home inventory, leaving the homes unencumbered and available for sale to residents at a future owner's election. Operations: Current ownership has repositioned the community by removing non-paying residents inherited from prior management, rehabilitating homes, and returning units to rent-ready condition. Expansion: Approximately 32 acres of the site remain undeveloped, offering room to expand an existing, income-producing community rather than entitle new development in a submarket where new community construction is rare.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$42,500 USD /SF

# OF UNITS

31

PRICE/UNIT

$137,097

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Horizon Community

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

40.76 AC

LAND SF

1,775,506 SF

ZONING

E2

APN/PARCEL ID

129262,129264,129265,129266,129267,129268,129269,129270,129271,129272,129273,129274,129279,129280,129281,129282,129283,129284,129285,129286,129287,129288,129289,129296,129297,129298,129299,129300,129301,242636,37445,37450,37457

ASK ABOUT THIS PROPERTY

Chris OrtizJTACR Real Estate GroupMore Info
254-314-5647

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Chris OrtizJTACR Real Estate GroupMore Info
254-314-5647

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