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4756 US Highway 82 50 Unit Mobile Home Park $2,900,000 ($58,000/Unit) 10.92% Cap Rate Bells, TX 75414
Investment Highlights
- Stable Occupancy: Reliable tenant base with primarily long-term tenants providing steady income.
- Value-Add Opportunities: Room for expansion with additional RV pads, RV covers, carports, and amenities.
- Flexible Ownership Options: Ideal for hands-on operators or investors hiring an on-site manager to utilize the living quarters.
- Increase Income: Bring all rents to market rents to increase your cash flow.
- Proven Track Record: Operated by dedicated mom-and-pop owners, ready for a smooth transition to new ownership.
- Proximity to Employment Hub: Draws tenants from Sherman, TX, a growing economic center with a robust job market.
Executive Summary
Turnkey 50-Unit RV Park with Significant Upside Potential. Proforma NOI of $316,807 and proforma cap rate of 10.9%.
Prime Location: Conveniently located just a 10-minute drive from Sherman, TX, with excellent visibility from Hwy 82 and over 10,000 vehicles passing daily.
Turnkey Investment Opportunity: Newly built 50-lot RV park on 20 acres of natural landscape, offering stabilized occupancy and steady income potential.
Long-Term Tenant Base: The park is primarily occupied by long-term tenants, drawing clients from nearby Sherman, a major employment hub in the region.
Value-Add Potential: Increase income by bringing rents to market, adding more RV covers, carports, storage sheds, and by developing additional RV lots.
Ideal for Operators or Investors: Perfect for hands-on operators or investors hiring an on-site manager. Beautifully crafted on-site log cabin serving as the office, laundry facility, tenant showers/restrooms, and manager’s living quarters.
Prime Location: Conveniently located just a 10-minute drive from Sherman, TX, with excellent visibility from Hwy 82 and over 10,000 vehicles passing daily.
Turnkey Investment Opportunity: Newly built 50-lot RV park on 20 acres of natural landscape, offering stabilized occupancy and steady income potential.
Long-Term Tenant Base: The park is primarily occupied by long-term tenants, drawing clients from nearby Sherman, a major employment hub in the region.
Value-Add Potential: Increase income by bringing rents to market, adding more RV covers, carports, storage sheds, and by developing additional RV lots.
Ideal for Operators or Investors: Perfect for hands-on operators or investors hiring an on-site manager. Beautifully crafted on-site log cabin serving as the office, laundry facility, tenant showers/restrooms, and manager’s living quarters.
Property Facts
| Price | $2,900,000 | Apartment Style | Garden |
| Price Per Unit | $58,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 19.62 AC |
| Cap Rate | 10.92% | Building Size | 2,000 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 90% |
| No. Units | 50 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $2,900,000 |
| Price Per Unit | $58,000 |
| Sale Type | Investment |
| Cap Rate | 10.92% |
| Sale Condition | 1031 Exchange |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 19.62 AC |
| Building Size | 2,000 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 2023 |
Amenities
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
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Property Taxes
| Parcel Number | 255056 | Improvements Assessment | $1,238,920 |
| Land Assessment | $499,968 | Total Assessment | $1,738,888 |
Property Taxes
Parcel Number
255056
Land Assessment
$499,968
Improvements Assessment
$1,238,920
Total Assessment
$1,738,888
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4756 US Highway 82
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