For Sale
$695,000

753 Cline StHuntsville, TX 77340

High-Yield Texas Mobile Home Park, 10 Units

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fully occupied 10-unit mobile home park in Huntsville, Texas. Located at 753 Cline St, 77340, this Class C property sits on 1.53 acres and boasts a strong 6.89% capitalization rate, generating a Net Operating Income (NOI) of $47,913. The park comprises nine mobile homes and one house, all currently leased, offering immediate cash flow. Priced at $695,000, this translates to $69,500 per unit. Its strategic location offers convenient access to Interstate 45, just three minutes away, enhancing tenant accessibility and desirability. This prime investment property presents a promising income-generating asset with significant long-term growth potential in the thriving Walker County market. The property's 100% occupancy rate underscores its strong performance and inherent value. This is an ideal opportunity for investors seeking a stable, high-yield addition to their portfolio. The property's location and strong tenant base contribute to its exceptional investment characteristics. This turnkey operation requires minimal management, making it an attractive option for both seasoned and new investors.

Highlights

  • Fully occupied 10-unit mobile home park in Huntsville, TX.
  • 1.53-acre Class C property with a 6.89% cap rate and $47,913 NOI.
  • Nine mobile homes and one house, all leased, generating immediate cash flow.
  • Priced at $695,000 ($69,500 per unit).
  • Three-minute access to Interstate 45.

Property Details for 753 Cline St

Property type
Mobile home & RV parks
Class
C
Units
10

Location Insight

City
Huntsville
County
Walker
State
Texas
Latitude
30.698654935676
Longitude
-95.546013426159
753 Cline St, Huntsville, Texas

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753 Cline St
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