263 FM 247 RD, HUNTSVILLE, TX 77320-1266

Marcus & Millichap is pleased to present April Point Mobile Home Park, a 53-lot community located in Huntsville, Texas. The park sits on 8.44 acres and is located in a designated Opportunity Zone. Huntsville is home to Sam Houston State University and is widely known as the prison capital of Texas, serving as headquarters for the Texas Department of Criminal Justice.

The park currently has 25 occupied lots and 28 vacant lots, presenting a significant lease-up opportunity for a new owner. All lots are rented on a month-to-month basis. Current lot rent is $200 per month, a rate that has not been increased since 2008 and is well below market.

The park is served by city water, city sewer, and city garbage pickup, all included in lot rent. Electric is billed directly to tenants by the provider. The primary deferred maintenance item is the water line infrastructure, which consists of aging galvanized steel in need of refurbishment or replacement. This has contributed to wide swings in water bills in recent years and was the primary reason the park stopped accepting new tenants. Internal roads are paved asphalt and reported to be in good condition.

The park is managed by an on-site manager who has been in place since 2012 and is willing to remain post-sale. He handles general management, rent collection, and grounds maintenance. Rent is currently collected by check and money order with no property management software in place. Please do not visit the property without prior approval. All tours must be scheduled through a Marcus & Millichap agent.

For all inquiries please reach out to the listing agent:

David Tietz

O: 713-452-4309

C: 832-499-0188

[email protected]

Please review the OM and due diligence materials prior to reaching out.