100 Stonewood DrLufkin, TX 75901

Property Details for 100 Stonewood Dr

Year built

2005

Lot size

7.85 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents The Village of Stonewood, a 39-unit mobile home park in Lufkin, Texas. Boasting 100% occupancy and a strong 8.48% capitalization rate, this property generates a substantial net operating income of $154,406. Built in 2005, the park sits on 7.85 acres and includes 39 of the community's 55 total units, representing a 71% stake. Each unit features a two-car metal-covered carport and a fenced yard. Monthly rental rates range from $710 to $1,500, providing significant income potential. The property offers further development opportunities with four existing vacant lots and the potential to develop 18 additional units on currently undeveloped land. The community is conveniently located less than 1,000 feet from Crown Colony, a highly desirable neighborhood. Each unit is individually addressed and sold with fee simple interest. Common area maintenance and utilities are covered by $85 monthly HOA dues from each privately owned unit. City water and sewer services are in place, with tenants responsible for their individual utility bills. Seller financing is available with a minimum 30% down payment and a 6% interest rate, with a balloon payment due in three years. This is a rare opportunity to acquire a well-established, high-performing mobile home park with significant upside potential. The property is age-restricted (55+). Prior approval is required for any site visits.

Location Insight

City

Lufkin

County

Angelina

State

Texas

Latitude

31.278

Longitude

-94.7098

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