Listed by Keller Williams Realty
Unpriced
22700 City Lake Road (Mobile Home Park)
Details
Property Type Land, Mobile Home Park
Sub Type Commercial
Square Footage 9,610
Units 9
Occupancy 77%
Class C
Buildings 9
Acreage 6.700
Value-Add Mobile Home Park | Upside Potential
Marketing description
22700 City Lake Rd in Canyon, Texas, offers the opportunity to acquire a 9-lot mobile home park with expansion potential to 12 total lots. The property features attractive value-add characteristics, including below-market lot rents currently ranging from $400 to $500 per month, compared to estimated market rents of approximately $650 per month. Recent capital improvements include a new well and septic system, providing a solid infrastructure base for continued operations and future growth. Located in the Canyon and Amarillo market, where demand for affordable housing remains strong, this property offers investors the ability to increase income through rent adjustments and additional lot development.
Listing Contacts
Listed by Keller Williams Realty
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