The NMHC Group of KW Commercial is pleased to present Maple Leaf Mobile Home Park in Houston, Texas. Maple Leaf is a 33-site community with 24 park owned homes and 8 tenant owned homes, currently 31 of 33 occupied (one vacant POH and one vacant pad). The park’s current lot rent is $585 per month, well below estimated market lot rent of ~$650+, offering immediate upside through rent alignment; the high proportion of park owned homes provides landlord with the opportunity to lower basis through selling off park-owned homes or continue with ownerships' current rental structure. Over the past three years the current operator has invested approximately $400,000 in capital improvements — including new appliances and air conditioning in park owned homes, street and curb repairs, a stormwater lift station, installation of water sub meters and electrical infrastructure upgrades — which materially reduces near term capital needs.

Municipal Utilities are provided by the city and billed back to the owner from residents, and sub metering helps ensure accurate allocation of water costs. In the broader Houston market, average two-bedroom apartment rents run substantially higher than Maple Leaf's park-owned home rent (~$1,150) at approximately $1,530 via Zumper.com and the median single family home price in the Houston area sits in the mid $300,000s, underscoring the park’s role as affordable housing with rent up potential.

Given the low vacancy, recent capex and majority owner-controlled units, Maple Leaf represents an attractive value add opportunity to increase revenue through rent normalization while benefiting from recent infrastructure investments that de risk near term capital requirements.

Houston’s economy is showing moderate, steady growth driven by continued diversification beyond oil and gas into healthcare, construction and professional services, supporting steady job creation and population gains. Employment and wage trends are gradually improving, which should sustain demand for workforce and affordable housing in the region. Continued migration and housing supply constraints may put upward pressure on rents and home prices over time, favoring well positioned affordable assets. Overall, the outlook is constructive for a value-add mobile home park that can capture rent upside while serving cost sensitive households.

As always, this is a confidential sale. Please do not go to the community without setting up a showing appointment with the listing agents. If on site, do not under any circumstances speak with any tenants or employees. Please contact us for additional information.