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7-Home Manufactured Housing Portfolio 7 Multifamily Properties Offered at $1,100,000 in Lindale, TX
Investment Highlights
- Immediate cash flow
- Low maintenance due to newer construction
- Minimal deferred maintenance due to newer construction
- Significant value-add opportunity
- Approximately $24,600 annual upside through rent adjustments
- Excellent long-term investment in an expanding East Texas market
Executive Summary
This is a rare opportunity to acquire a portfolio of seven income-producing manufactured homes located in the rapidly growing community of Lindale, Texas. Constructed between 2016 and 2018, these homes are situated on approximately 5.18 acres and provide investors with immediate cash flow and significant rental upside.
The portfolio is currently producing approximately $99,000 in annual gross income, with the opportunity to increase annual revenue to approximately $123,600 by bringing below-market rents in line with current market rates. With five month-to-month leases already in place, investors have the flexibility to implement rent increases while maintaining stable occupancy
The portfolio is currently producing approximately $99,000 in annual gross income, with the opportunity to increase annual revenue to approximately $123,600 by bringing below-market rents in line with current market rates. With five month-to-month leases already in place, investors have the flexibility to implement rent increases while maintaining stable occupancy
Property Facts
| Price | $1,100,000 | Number of Properties | 7 |
| Price / SF | $91.18 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 12,064 SF |
| Status | Active | Total Land Area | 4.54 AC |
| Price | $1,100,000 |
| Price / SF | $91.18 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 12,064 SF |
| Total Land Area | 4.54 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 17246 Aspenwood, Lindale, TX 75771 | Multifamily | 2,016 SF | 2017 | - |
| 17280 Aspenwood, Lindale, TX 75771 | Multifamily | 1,920 SF | 2017 | - |
| 17202 Countrywood, Lindale, TX 75771 | Multifamily | 1,904 SF | 2017 | - |
| 17373 Aspenwood, Lindale, TX 75771 | Multifamily | 1,904 SF | 2017 | - |
| 16522 Timberwood, Lindale, TX 75771 | Multifamily | 1,664 SF | 2017 | - |
| 16536 Timberwood, Lindale, TX 75771 | Multifamily | 1,408 SF | 2016 | - |
| 17206 Countrywood, Lindale, TX 75771 | Multifamily | 1,248 SF | 2017 | - |
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7-Home Manufactured Housing Portfolio