Happy Oaks MHP
Mobile Home Park | 7.88% CAP
Marketing description
COLORADO COUNTY, TX - Happy Oaks MHP is a 51-site community located on 7.28 acres in Alleyton, Texas, a suburb of Houston just off Interstate 10. The property operates on well water, aerobic septic systems, and overhead electric, offering a simple and efficient utility profile. The park provides a peaceful rural setting with convenient access to major employment corridors, supporting both working-class and retired tenants. The location delivers long-term stability and consistent demand.
The community includes 33 POH (8 vacant), 1 TOH, 16 RV sites (11 vacant), 1 Storage Unit, and no vacant MH lots—totaling 51 rentable positions. The park-owned homes are in excellent condition and are being acquired substantially below replacement cost, presenting a rare opportunity for investors. A strategic rent-to-own program could generate $500K+ in additional profit, while vacant POH and RV sites offer immediate infill upside. RV sites also present potential for conversion to additional MH lots, further enhancing long-term value. Infrastructure is straightforward and supports consistent operations.
The current owner has completed meaningful upgrades across the community, including improvements to park-owned homes and higher standards for incoming residents. These efforts have strengthened overall quality and positioned the property for smooth, scalable operations.
Now offered at $1,900,000, Happy Oaks MHP represents a highly attractive, value-add opportunity with multiple clear paths to upside. With strong in-place fundamentals and operational momentum already underway, this is the type of acquisition MHP investors should move quickly to secure.
Investment highlights
• Strong Value-Add Infill
• Substantial Recent Upgrades to POH and Tenant-Quality Standards
• Prime Location with Direct I-10 access
• POHs in Excellent Condition, Acquired Below Replacement Cost
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