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1247 Vaughn Ln
Hearne, TX 77859
Encino Estates MH &RV Community · Multifamily Property For Sale
·
160,300 SF
PROPERTY FACTS
| No. Units | 25 | Lot Size | 9.39 AC |
| Property Type | Multifamily | Building Size | 160,300 SF |
| Property Subtype | Manufactured Housing/Mobile Home | Average Occupancy | 88% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 2000 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 9.39 AC |
| Building Size | 160,300 SF |
| Average Occupancy | 88% |
| No. Stories | 1 |
| Year Built | 2000 |
ABOUT 1247 VAUGHN LN , HEARNE, TX 77859
Encino Estates Mobile Home and RV Community is a well-maintained 25-space property. The home inventory included in the sale is in first rate condition, with many recent capital improvements made by the current owners. Given its appeal to tenants and the 12.1% cap rate, this is a low cost / high value investment for a MH community. Adjacent excess ground is available for those who are interested in additional growth potential. Located in Hearne, Texas, which is centrally located between nearby larger cities of Houston, Austin and Dallas. Hearne benefits from several drivers of blue collar employment, with particular concentration in the following industries: rail, pipelines, and nearby oil/gas production. Union Pacific is under construction on a $550M project to build the new Brazos rail yard.
