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Value-Add | Potential to Add More Units 40930 FM 3159 64 Unit Mobile Home Park $2,150,000 ($33,594/Unit) 6.24% Cap Rate Canyon Lake, TX 78133
Investment Highlights
- 6.24% Current Cap rate
- Potential to Add more Units
- 6.47 Acres Land
- Annual Leases
- Redevelopment Opportunity
Executive Summary
This property presents a compelling acquisition opportunity for investors seeking a well-positioned asset in a dynamic market. Located in a high-visibility area with strong connectivity to major transportation routes, the site offers excellent accessibility for both local and regional traffic. The surrounding area features a diverse mix of commercial, retail, and residential developments, creating a robust demand base and long-term growth potential.
The property’s configuration supports a variety of uses, making it suitable for owner-occupiers or investors looking to reposition or enhance value through strategic improvements. Its proximity to key business districts, retail corridors, and essential amenities further enhances its appeal. With strong market fundamentals and a location that benefits from steady economic activity, this asset offers both stability and upside for discerning buyers.
The property’s configuration supports a variety of uses, making it suitable for owner-occupiers or investors looking to reposition or enhance value through strategic improvements. Its proximity to key business districts, retail corridors, and essential amenities further enhances its appeal. With strong market fundamentals and a location that benefits from steady economic activity, this asset offers both stability and upside for discerning buyers.
Property Facts
| Price | $2,150,000 | Apartment Style | Garden |
| Price Per Unit | $33,594 | Building Class | B |
| Sale Type | Investment | Lot Size | 6.47 AC |
| Cap Rate | 6.24% | Building Size | 12,000 SF |
| No. Units | 64 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $2,150,000 |
| Price Per Unit | $33,594 |
| Sale Type | Investment |
| Cap Rate | 6.24% |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.47 AC |
| Building Size | 12,000 SF |
| No. Stories | 1 |
| Year Built | 2021 |
Property Taxes
| Parcel Number | 78-0812-0012-00 | Improvements Assessment | $1,520,040 |
| Land Assessment | $534,370 | Total Assessment | $2,054,410 |
Property Taxes
Parcel Number
78-0812-0012-00
Land Assessment
$534,370
Improvements Assessment
$1,520,040
Total Assessment
$2,054,410
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Value-Add | Potential to Add More Units | 40930 FM 3159
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