7588 Fm 1459
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7588 Fm 1459
26 Unit Mobile Home Park £856,783 (£32,953/Unit) Sweeny, TX 77480
Investment Highlights
- FM Road Frontage Exposure
- Short & Long Term Rentals
- Frontage on FM 1459
- Newly Renovated
- Near Stable Refinery Employment
Executive Summary
Multi-unit property featuring 11 mobile home spots, 15 rv spots, and a 2/1 house w/ attached 1br studio apartment, all on nearly 10 acres just outside of Sweeny and just minutes from Chevron & P66 refinery. Of the 11 mobile home lots, there are 10 park owned mobile homes that convey – 9 of which are either newer units or freshly remodeled, one spot is rented, and the remaining home is in the process of being remodeled. The 2/1 house has a new roof and exterior paint. The attached apartment is fully remodeled – new flooring, paint, kitchen, appliances, etc. Out of the 15 rv sites, 9 park owned rv’s convey, there are additionally 2 separate duplex efficiency units, occupying two of the rv spots. In total there are 26 housing units that convey with a sale. The park has gone through extensive upgrades over the past year and is in the process of adding more tenants each month. There is a lot of upside on this property, along with plenty of demand in the area for housing. Pro Forma gross over 20k/month @ ~16% cap. OWNER FINANCING AVAILABLE
Property Facts
Price | £856,783 | Building Class | C |
Price Per Unit | £32,953 | Lot Size | 9.86 AC |
Sale Type | Investment | Building Size | 30,000 SF |
Sale Conditions | 1031 Exchange | Average Occupancy | 50% |
No. Units | 26 | Number of Floors | 1 |
Property Type | Residential | Year Built/Renovated | 2002/2024 |
Property Subtype | Manufactured Housing/Mobile Home |
Price | £856,783 |
Price Per Unit | £32,953 |
Sale Type | Investment |
Sale Conditions | 1031 Exchange |
No. Units | 26 |
Property Type | Residential |
Property Subtype | Manufactured Housing/Mobile Home |
Building Class | C |
Lot Size | 9.86 AC |
Building Size | 30,000 SF |
Average Occupancy | 50% |
Number of Floors | 1 |
Year Built/Renovated | 2002/2024 |
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zoning
Zoning Code | None (Commercial) |
None (Commercial) |
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7588 Fm 1459
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