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232 Avenue D 40 Unit Mobile Home Park $950,000 ($23,750/Unit) 8.45% Cap Rate Port Lavaca, TX 77979
Investment Highlights
- Embedded NOI Growth Opportunity: Current lot rents include all utilities, creating a clear path to increase net operating income
- Accessible, High-Visibility Location: The property benefits from frontage near US-87 and close proximity to Buc-ee’s, with HEB, restaurants
- Multiple Revenue Streams: The property offers three distinct income sources through RV lots, cabin rentals, and room rentals, broadening tenant appeal
- Demand Supported by Major Industrial Employers: Proximity to Formosa Plastics, Dow Chemical, and Green Lake Works
- Amenity Package Supports Tenant Retention: On-site amenities include two complimentary laundry facilities, additional showers and restrooms
- Operational Upside in Rental Structure: Current site rents are $420 per month inclusive of electricity
Executive Summary
Broker of Record
Patrick Graham
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Patrick Graham
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
| Price | $950,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $23,750 | Lot Size | 2.65 AC |
| Sale Type | Investment | Building Size | 13,000 SF |
| Cap Rate | 8.45% | Average Occupancy | 35% |
| Gross Rent Multiplier | 4.66 | No. Stories | 1 |
| No. Units | 40 | Year Built | 2015 |
| Property Type | Multifamily |
| Price | $950,000 |
| Price Per Unit | $23,750 |
| Sale Type | Investment |
| Cap Rate | 8.45% |
| Gross Rent Multiplier | 4.66 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 2.65 AC |
| Building Size | 13,000 SF |
| Average Occupancy | 35% |
| No. Stories | 1 |
| Year Built | 2015 |
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Property Taxes
| Parcel Number | 69142 | Improvements Assessment | $13,975 |
| Land Assessment | $21,600 | Total Assessment | $35,575 |
Property Taxes
Parcel Number
69142
Land Assessment
$21,600
Improvements Assessment
$13,975
Total Assessment
$35,575
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232 Avenue D
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