5800 Leedale StHouston, TX 77016

For Sale
$3,410,000

33-unit stabilized Houston investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 33-site mobile home park, known as Maple Leaf, presents a compelling investment opportunity in Northeast Houston, Texas. Priced at $3,410,000, this stabilized asset boasts a strong 6.50% cap rate and a net operating income (NOI) of $182,560. Situated on a 3.11-acre lot at 5800 Leedale St, Houston, TX 77016, the park benefits from a prime location near major transportation arteries including I-69, Beltway 8, and Houston Intercontinental Airport (IAH), providing residents with convenient access to employment centers and the broader Houston metropolitan area. The property features city water and sewer services, conveniently sub-metered and billed directly to residents, minimizing management overhead. Recently expanded, Maple Leaf offers a stable income stream with potential for future value enhancement through the conversion of park-owned rentals to home sales, thereby reducing ongoing operating expenses. Houston's robust growth and its position as a leading MSA for manufactured housing contribute to the property's long-term investment potential and projected rent growth. This is a rare opportunity to acquire a well-located, stabilized mobile home park in a thriving Texas market. The property is ideally suited for investors seeking a stable, cash-flowing asset with significant upside potential.

Highlights

  • 33-site mobile home park in Northeast Houston, TX, priced at $3,410,000 with a 6.50% cap rate and $182,560 NOI.
  • Located on a 3.11-acre lot at 5800 Leedale St, Houston, TX 77016, near I-69, Beltway 8, and IAH.
  • Features city water and sewer, sub-metered to residents.
  • Recently expanded with potential for future value enhancement.

Property Details for 5800 Leedale St

Property type
Multifamily properties, Mobile home & RV parks
Lot Size (sq. ft)
135,472 SF
Units
33

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8756936
Longitude
-95.3041148
5800 Leedale St, Houston, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5800 Leedale St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message