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To download the Offering Memorandum and financials you can click "View OM" or "Due Diligence" and you will be prompted to sign a confidentiality agreement. Once done you will be able to immediately download the information. For any questions or concerns please contact Nick McMillan

The MHP Value Team is pleased to offer for sale Firnat MHP, a 25-site manufactured housing community located in Houston, Texas. Offered at approximately $60,000 per site and approximately $75,000 per occupied site, the asset provides stable in-place cash flow with additional upside through lease-up of vacant sites.

A new owner has the opportunity to assume the existing financing currently in place on the property. As of June 2026, the outstanding loan balance is approximately $969,015 with monthly payments of $5,996. The note carries a 6.0% interest rate with approximately 28 years remaining on amortization and a balloon payment due in December 2031.

The community is currently 80% economically occupied and consists of seventeen tenant-owned homes averaging $695/month in lot rent, two occupied Park-Owned Homes averaging $1,263/month, and one Single-Family Residence rented for $1,400/month. The property also includes five vacant sites available for infill, two of which have full infrastructure and with three just need meters added to the water spigots.

Current operations generate approximately $186,793 in annual gross income and approximately $117,309 in Net Operating Income (NOI), providing immediate yield with additional value creation opportunities. A new owner can increase revenue through infill, occupancy growth, and operational efficiencies without significant infrastructure expansion.

The property benefits from city water and city sewer service, both currently included in tenant rents. Trash is billed directly to residents, and electric service is separately metered and tenant-paid.