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Mobile Home Park 620 George Thomas Rd 12 Unit Mobile Home Park $569,000 ($47,417/Unit) 10.83% Cap Rate Texarkana, TX 75501
Investment Highlights
- 75% occupied, 10.83% CAP, with 9 units rented, 1 unit in the process of remodeling 2 units require remodeling, offering value-add potential
- Existing land with septic systems already developed Ability to add additional trailer homes for future expansion Strong opportunity for increased cash
- Manufactured housing investment in a peaceful setting surrounded by natural beauty Total of 12 individual units, each separately rented
Executive Summary
PRICE IMPROVED!! Discover an incredible investment opportunity at 620 George Thomas Rd! This 8-acre property features 12 rentable mobile home units nestled in a peaceful, nature-filled setting. With plenty of space to expand, there is excellent potential to add more mobile homes for increased rental income. Don't miss out on this unique property with endless possibilities!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$71,000
|
$3.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$71,000
|
$3.70
|
| Taxes |
$1,824
|
$0.10
|
| Operating Expenses |
$4,300
|
$0.22
|
| Total Expenses |
$6,124
|
$0.32
|
| Net Operating Income |
$64,876
|
$3.38
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $71,000 |
| Annual Per SF | $3.70 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $71,000 |
| Annual Per SF | $3.70 |
| Taxes | |
|---|---|
| Annual | $1,824 |
| Annual Per SF | $0.10 |
| Operating Expenses | |
|---|---|
| Annual | $4,300 |
| Annual Per SF | $0.22 |
| Total Expenses | |
|---|---|
| Annual | $6,124 |
| Annual Per SF | $0.32 |
| Net Operating Income | |
|---|---|
| Annual | $64,876 |
| Annual Per SF | $3.38 |
Property Facts
| Price | $569,000 | Building Class | C |
| Price Per Unit | $47,417 | Lot Size | 8.00 AC |
| Sale Type | Investment | Building Size | 19,200 SF |
| Cap Rate | 10.83% | Average Occupancy | 75% |
| Sale Condition | Business Value Included | No. Stories | 1 |
| No. Units | 12 | Year Built | 1999 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | A2L | ||
| Price | $569,000 |
| Price Per Unit | $47,417 |
| Sale Type | Investment |
| Cap Rate | 10.83% |
| Sale Condition | Business Value Included |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 8.00 AC |
| Building Size | 19,200 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1999 |
| Opportunity Zone |
Yes |
| Zoning | A2L |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
About 620 GEORGE THOMAS RD , TEXARKANA, TX 75501
The property at 620 George Thomas Rd in Texarkana consists of a mobile home and RV park developed on an 8-acre lot. Built in 1999, it accommodates 12 manufactured housing units. Current occupancy is approximately 75%, with existing infrastructure for water and septic. Additional land on the site contains septic systems suitable for future expansion. The property is located in an Opportunity Zone within Bowie County, Texas.
1 1
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 14080000800 | Total Assessment | $122,000 |
| Land Assessment | $80,000 | Annual Taxes | $1,824 ($0.10/SF) |
| Improvements Assessment | $42,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
14080000800
Land Assessment
$80,000
Improvements Assessment
$42,000
Total Assessment
$122,000
Annual Taxes
$1,824 ($0.10/SF)
Tax Year
2025
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Mobile Home Park | 620 George Thomas Rd
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