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Community Park of Alvin 3621 County Road 161

14 Unit Mobile Home Park $1,721,000 ($122,929/Unit) 9% Cap Rate Alvin, TX 77511

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Investment Highlights

Location is walking distance of two elementary schools
Tenants pay their own electricity and trash pickup
Underground electrical utilities, city water and sewer

All rents collected online
Low maintenance and well maintained community
All units have PEX plumbing, refrigerator, washer/dryer

Executive Summary

Stabilized mobile home park in a healthy and growing submarket. Well maintained with no deferred maintenance issues. All 1 year leases with room to raise rents upon renewal. Excellent buy and hold opportunity.

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Operating and Financials

Property Facts

Price	$1,721,000	Lot Size	1.19 AC
Price Per Unit	$122,929	Building Size	12,128 SF
Sale Type	Investment	Average Occupancy	100%
Cap Rate	9%	No. Stories	1
No. Units	14	Year Built	2023
Property Type	Multifamily	Parking Ratio	1.98/1,000 SF
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments

Price	$1,721,000
Price Per Unit	$122,929
Sale Type	Investment
Cap Rate	9%
No. Units	14
Property Type	Multifamily
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments
Lot Size	1.19 AC
Building Size	12,128 SF
Average Occupancy	100%
No. Stories	1
Year Built	2023
Parking Ratio	1.98/1,000 SF