2434 Firnat StHouston, TX 77093
22-unit stabilized park, high growth area.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- $1,500,000 asking price for a stabilized Class C mobile home park in Houston, TX.
- 7.60% cap rate, 9.11% pro-forma cap rate, with a current NOI of $114,010 and a pro-forma NOI of $136,672.
- 22 units/pads on 1 building, priced at $68,181.82 per pad.
- Assumable financing available: ~$991,000 balance, 6% interest, 30-year amortization, ~4 years remaining.
- Significant upside potential due to below-market rents and potential for park-owned home sales.
Property Details for 2434 Firnat St
- Property type
- Multifamily properties, Mobile home & RV parks
- Class
- C
- Buildings
- 1
- Units
- 22
Location Insight
- City
- Houston
- County
- Harris
- State
- Texas
- Latitude
- 29.8416826
- Longitude
- -95.3468147
Nearby Similar for Sale
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