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11891 FM 1409 25 Unit Mobile Home Park $655,000 ($26,200/Unit) 12.02% Cap Rate Dayton, TX 77535
Executive Summary
- Includes 2 existing grandfathered mobile homes on the lot.
- Additionally, 3 RV trailers/campers owned by the seller will be included as part of the sale. All owner-owned RV units currently on-site are included in this transaction.
- The park is currently generating good rental income, with ongoing increases as we continue pre-leasing for long-term tenants.
- Approximately 25 RV hookup sites, all equipped with water, sewage, and 30/50 amp electrical service.
- A septic system (design attached) built within the last 5 years.
- Two water wells, including one backup well.
- An on-site tenant currently provides lawn maintenance and serves as a point of contact for tenant needs.
- A 1-bedroom, 1-bath apartment with kitchen located centrally on the property.
- A laundry room in front of the apartment, ready for installation of 2 coin-operated washer/dryer units for additional income.
-The right side of the park is intentionally kept open, offering flexibility for the new owner to develop (e.g., tiny homes or other projects).
- At the rear of the property, there is an open metal frame structure that can be converted into approximately 4 rentable storage units with roll-up doors
* Additional Notes:
The property is currently offered below appraised value.
Final sale price may be adjusted based on updated income, as current tenants are long-term, passive, and continue to stabilize and increase revenue.
This property offers a strong income base with multiple value-add opportunities for future growth.
- Additionally, 3 RV trailers/campers owned by the seller will be included as part of the sale. All owner-owned RV units currently on-site are included in this transaction.
- The park is currently generating good rental income, with ongoing increases as we continue pre-leasing for long-term tenants.
- Approximately 25 RV hookup sites, all equipped with water, sewage, and 30/50 amp electrical service.
- A septic system (design attached) built within the last 5 years.
- Two water wells, including one backup well.
- An on-site tenant currently provides lawn maintenance and serves as a point of contact for tenant needs.
- A 1-bedroom, 1-bath apartment with kitchen located centrally on the property.
- A laundry room in front of the apartment, ready for installation of 2 coin-operated washer/dryer units for additional income.
-The right side of the park is intentionally kept open, offering flexibility for the new owner to develop (e.g., tiny homes or other projects).
- At the rear of the property, there is an open metal frame structure that can be converted into approximately 4 rentable storage units with roll-up doors
* Additional Notes:
The property is currently offered below appraised value.
Final sale price may be adjusted based on updated income, as current tenants are long-term, passive, and continue to stabilize and increase revenue.
This property offers a strong income base with multiple value-add opportunities for future growth.
Property Facts
| Price | $655,000 | Building Class | C |
| Price Per Unit | $26,200 | Lot Size | 2.52 AC |
| Sale Type | Investment | Building Size | 25,000 SF |
| Cap Rate | 12.02% | Average Occupancy | 100% |
| No. Units | 25 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1995/2022 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 1/1,000 SF |
| Zoning | A1 | ||
| Price | $655,000 |
| Price Per Unit | $26,200 |
| Sale Type | Investment |
| Cap Rate | 12.02% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 2.52 AC |
| Building Size | 25,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1995/2022 |
| Parking Ratio | 1/1,000 SF |
| Zoning | A1 |
Amenities
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 25 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 000173-000012-002 | Improvements Assessment | $456,540 |
| Land Assessment | $249,210 | Total Assessment | $705,750 |
Property Taxes
Parcel Number
000173-000012-002
Land Assessment
$249,210
Improvements Assessment
$456,540
Total Assessment
$705,750
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11891 FM 1409
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