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22835 Ford Rd
Porter, TX 77365
Income Producing Stabilized RV Park · Multifamily Property For Sale
·
5,000 SF
INVESTMENT HIGHLIGHTS
- Concrete Pad Sites
- Easy access to Hwy 59 and Grand Parkway 99
- Proforma NOI: $105,000
EXECUTIVE SUMMARY
This property features a total of 30 spaces on a 1.18-acre lot, with potential room to add 3-4 more spaces and laundry facilities. It is equipped with city water and sewer, and the concrete pad sites were developed within the last two years. The location offers easy access to Hwy 59 and Grand Parkway 99, making it convenient for commuters. The current Net Operating Income (NOI) stands at $92,965, with a proforma NOI of $105,000. Additionally, the property is situated outside of all flood zones and is in close proximity to multiple schools.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.18 AC |
| Cap Rate | 8% | Building Size | 5,000 SF |
| No. Units | 30 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | 5 | ||
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 1.18 AC |
| Building Size | 5,000 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
| Zoning | 5 |
PROPERTY TAXES
| Parcel Number | 0197-01-08600 | Improvements Assessment | $90,480 |
| Land Assessment | $204,730 | Total Assessment | $295,210 |
PROPERTY TAXES
Parcel Number
0197-01-08600
Land Assessment
$204,730
Improvements Assessment
$90,480
Total Assessment
$295,210
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