Mobile Home Park Details

  • Property ID: 1111838
  • Posted On: Jul 26, 2019
  • Updated On: Feb 17, 2020

Property Description

**Price TBD by Market**

Capstone Manufactured Housing is pleased to present Victoria Village Mobile Home Park. This park is comprised of 83 total sites and is positioned advantageously in the large and expanding Houston MSA. Current ownership completed more than $1 million in capital improvements to bolster the community's curb appeal and operations. The park currently features below market rents; thus, giving new ownership the potential to implement immediate rent increases. In addition, 8 of the 9 total vacancies already have a home in place, which allows for a faster lease-up. Since a majority of the sites at Victoria Village are home rentals, this community is ideal for a rent-to-own conversion program, which will help reduce overall operational overhead and increase management efficiency. This offering presents an opportunity to invest in a community within the sprawling Houston MSA with rental upside and tremendous value-add opportunities.

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Park Information

Community Type: All Age
Number of MH Lots: 83
Total Occupancy: 88.0 %
Year Built: 1994
Average MH Lot Rent: $375
Size: 13 acre(s)

Utility Information

Water Paid By: Tenant - Individual Service

Park-Owned Homes

Number of Park-owned Homes: 72

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