5-Unit Park-Owned Manufactured Home Investment
5 Unit Investment Opportunity | Fully Occupied | Stabilized Asset | Immediate Cash Flow
Marketing description
Fully occupied 5-unit investment property located in the Cloverleaf area of Houston, TX. The asset consists of five park-owned manufactured homes situated on two combined lots and offers immediate cash flow with a proven operating history.
The property has undergone substantial capital improvements in 2024 and 2025, including conversion of all units from gas to electric, installation of new electrical panels, new electric stoves, four new water heaters, and flooring updates in two units. Two additional refrigerators were installed in 2026, further reducing near-term capital expenditure needs.
The unit mix includes four 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. One unit is currently leased below market rent, providing investors with a straightforward opportunity to increase future revenue while maintaining strong occupancy.
This is an attractive opportunity for investors seeking a stabilized, income-producing asset with recent upgrades, limited deferred maintenance, and upside potential in an established Houston rental market.
Drive-by only. Please do not disturb tenants!
Investment highlights
100% Occupied with Consistent Rental Income
Stabilized Asset with Minimal Deferred Maintenance
Value-Add Opportunity - below market rent
Strong Utility Structure Reducing Owner Expenses
Strong Cash Flow with Upside Potential
Estimated NOI: $35k
Cap Rate 12%
5 rental units - all manufactured/mobile homes - all park-owned
Sit on 2 combined lots
Individually Metered Electric (tenant paid)
Master-Metered Water (owner paid)
4 - 2bed / 1bath units ($735-$750mth)
1 - 1 bed / 1 bath unit ($550 leased through 12/31/26)
RECENT IMPROVEMENTS (2024 & 2025) All Units Converted from Gas to Electric New Electrical Panels New Electric Stoves 4 Units with New Water Heaters Flooring Updates in 2 Units
2026 - 2 new refrigerators
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