Contact Information

Mobile Home Park Details

  • Price: $2,100,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.9%
  • Property ID: 1356617
  • Posted On: Nov 17, 2020
  • Updated On: Nov 24, 2020

Property Description

Fountain Grass Park. An 8 acre park on the Highway, in a good location on a major highway- 288 Business. There are 32 buildings including one office building and one laundry building; all are park owned. The 30 rentable buildings include 15 duplex buildings and 15 single unit buildings. A total of 45 units currently, with infrastructure in place for 10-20 more units. FGP is currently operating similar to an “extended stay”, with weekly and monthly rates available- and performing very well. Average rent is $306 per week. Infrastructure and permitting is already in place and ready to add 10 additional buildings for those who may be looking for a park they can continue to expand in the future. This could potentially be up to a 100+ unit park if all lots were to be used with duplex buildings. About 12% cap rate. This opportunity is sure to go by fast. Priced to sell quickly. Seller is wanting to close by the end of 2020. Contact Blake Peltier (agent) at 979-849-2900 (call/text/voicemail), or email at; Listed by Bob Peltier & Associates Real Estate, broker. All information herein deemed reliable, but not guaranteed, buyer to verify.


Strategic to Freeport, Galveston, Bay City, Houston areas. Highway frontage on State Highway 288 Business, a main thoroughfare for commerce. About 10 minutes to the Brazos mall and WalMart, and Surfside beach, and the great gulf coast Texas outdoors’ world class fishing, hunting, and water-sports. High and dry, no flooding here at FGP. Great prosperity and unprecedented growth abound nearby and for miles around.


  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 40
Total Occupancy: 90.0 %
Year Built: 2016
Size: 8 acre(s)

Financial Information (Actual)

Net Operating Income $250,000
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 45
Average Rent for Park-owned Homes: $1,224