JTACR Real Estate Group is pleased to present New Horizon Community, a 31-site manufactured housing community in West Tawakoni, Texas, positioned on the north shore of Lake Tawakoni within the Dallas–Fort Worth–Arlington MSA and roughly an hour east of downtown Dallas. The property spans 40.767 acres, of which approximately 8 acres are developed.
Infrastructure:
The community is served by city water and city sewer, with residents establishing their own utility accounts directly, as they do for electric and internet. There is no master meter, no submetering capital requirement, and no private septic or wastewater system to permit and maintain. For an asset of this size, that infrastructure profile removes an entire category of operating cost and administrative burden from ownership.
Unit Mix:
The community comprises 27 park owned homes, 3 tenant owned homes, and 1 vacant lot. No rent-to-own contracts encumber the home inventory, leaving the homes unencumbered and available for sale to residents at a future owner's election.
Operations:
Current ownership has repositioned the community by removing non-paying residents inherited from prior management, rehabilitating homes, and returning units to rent-ready condition.
Expansion:
Approximately 32 acres of the site remain undeveloped, offering room to expand an existing, income-producing community rather than entitle new development in a submarket where new community construction is rare.