511 Smith AvePasadena, TX 77504

For Sale
Call for price

156 Sites, 96% Occupancy, Turn-Key

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a portfolio of four well-maintained mobile home parks totaling 156 sites within the Houston MSA. Strategically located in Pasadena and Hitchcock, Texas, these parks boast a remarkable 96% occupancy rate, demonstrating strong market demand and consistent cash flow. All four parks utilize city utilities, minimizing operational complexities and maximizing efficiency. Less than 25% of sites are occupied by park-owned homes, presenting further upside potential. The portfolio's high occupancy rate is a testament to its strong management and the high demand for affordable housing in the area. Year-over-year rent increases have successfully maintained investment returns even in a rising cost environment. The current owners are motivated sellers and are open to considering all market offers. This is a truly turnkey operation, ideal for an investor seeking a stable, high-performing asset with significant growth potential. The properties are located at 511 Smith Ave, 3212 Federal Rd, and 4834 1st St in Pasadena, TX 77504, and 5613 FM 2004 in Hitchcock, TX 77563. Non-recourse financing options may be available.

Highlights

  • Motivated Seller.
  • City utilities throughout all four parks.
  • Non-recourse financing may be available.
  • 96% occupancy rate across 156 sites in Pasadena and Hitchcock, TX.

Property Details for 511 Smith Ave

Property type
Multifamily properties, Mobile home & RV parks
Units
156

Location Insight

City
Pasadena
County
Harris
State
Texas
Latitude
29.645856
Longitude
-95.2051604
511 Smith Ave, Pasadena, Texas

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511 Smith Ave
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