$725,000 – 22 PAD VALUE ADD MOBILE HOME PARK – LUBBOCK, TX
2201 Research Blvd, Lubbock, TX 79407
OFF-MARKET CONTRACT ASSIGNMENT – NO BROKER
303-351-1134 – CALL OR DM FOR FASTEST RESPONSE
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22 TOTAL PADS
20 OCCUPIED | 1 VACANT (immediate upside)
9.3% CAP RATE ON ACTUALS
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NUMBERS:

$9,325/mo gross rent
~$67,500 NOI day one
10.3% cap rate at stabilization
~$935K exit value at 8% cap once city water hits
Market lot rent is $450 – currently collecting $400 (rent upside built in)

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⚡ THE UNIQUE ANGLE – THE AIR FORCE PAYS YOUR WATER BILL:

Private well on-site BUT the U.S. Air Force maintains and monitors the filtration system at ZERO cost to owner – federal environmental obligation tied to former Reese AFB
DAF is actively coordinating with City of Lubbock to bring city water to the park within 1–2 years
Private-well pricing today → city-water exit tomorrow. You pocket the spread

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PROPERTY OVERVIEW:

~5.75 acres | West Lubbock submarket
5 POH + 15 TOH | Electric & gas individually metered (tenant-paid)
Individual septic systems (12+, permitted)
Below-market rents – no increases since acquisition
Texas Tech + major medical corridor = durable affordable housing demand
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⚠️ First qualified buyer gets it
⚠️ Looking for a buyer who can move FAST
Off-market assignment – no broker, no auction, no games
DM or call/text for the full OM with rent roll, financials, and well water documentation:
Joshua Smith – 303-351-1134 | joshua@twincommunities.com
Fulton Payne – (704) 249-1749 | fultonequitypartner@gmail.com