2000 E Loop 304, Crockett, TX 75835 For Sale

*Seller financing may be available under specific terms and conditions.*

Sunstone Real Estate Advisors is pleased to present the opportunity to acquire Forest Cove Estates, a 41-site manufactured housing community located in Crockett, Texas. With below-market rents, 7 total vacant lots, and strong value-add potential, this offering provides investors with the opportunity to unlock meaningful upside through infill, rental realignment, and operational efficiencies. Ideal for both new and experienced operators, the property offers a stable in-place income stream with clear paths to increased cash flow. The combination of affordability and limited local competition positions Forest Cove Estates as an attractive investment in a supply-constrained rural market.

Forest Cove Estates presents a compelling value-add opportunity with 34 occupied sites (82.9% occupancy) and immediate upside through leasing the remaining vacant lots. The community features a primarily tenant-owned base, complemented by 6 park-owned homes that generate additional rental income. Current lot rents average approximately $303 per month, which remain below market levels, providing a clear path for revenue growth through rent increases alone. With all sites connected to public water and sewer, the property benefits from reliable infrastructure and reduced operational complexity.

The park’s current occupancy provides a strong foundation with substantial upside tied to infill and rent growth. Trailing twelve-month financials reflect a current NOI of approximately $77K, with projections showing growth to over $141K as operations are optimized and vacant lots are filled. Financial modeling demonstrates the ability to significantly increase cash flow through straightforward execution of the business plan. For investors seeking a manageable asset with meaningful NOI expansion potential, Forest Cove Estates represents a strategic acquisition opportunity.

With only 7 vacant sites and a limited number of park-owned homes, already under LTO agreements, the property maintains low operational complexity while still offering multiple avenues for growth. The infill potential, combined with rent increases toward market levels, creates a clear path to long-term value creation. The investment strategy centers on stabilizing occupancy and aligning rents with market standards to drive consistent income growth. Forest Cove Estates offers investors the opportunity to acquire a well-located asset with immediate upside and strong long-term fundamentals in the East Texas market.