Contact Information

Mobile Home Park Details

  • Price: $5,230,000
  • Listing ID: 6200558
  • Posted On: Jun 11, 2024
  • Updated On: Jun 11, 2024

Description

Sunstone presents an exclusive opportunity to acquire Leaning Oaks and Maple Leaf Manufactured Home Communities in the Houston MSA. Maple Leaf is in Houston, and Leaning Oaks is in Waller, with a combined total of 71 sites. Under current ownership, both communities have seen significant improvements and capital expenditures over the past two years. At Leaning Oaks, all septic tanks have been pumped, sanitary sewer lines cleared, and water well efficiency improved. Maple Leaf added 8 new sites in 2023, all of which are now occupied. These properties offer a prime opportunity to acquire two stabilized assets in the nation's 4th largest city.

PARK SALE PRICE: $5,230,000
HOMES SALE PRICE: $1,475,000
TOTAL SALE PRICE: $6,705,000
NUMBER OF UNITS: 71
NOI: $351,375

Location

3 vacant sites available at Leaning Oaks
City water and sewer services at Maple Leaf
4th largest city in the U.S.
59 park-owned homes

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Park Information

Number of MH Lots: 71
Average MH Lot Rent: $538

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