401 Decatur Street, Bowie, TX 76230

Sunstone Real Estate Advisors is pleased to present the opportunity to acquire Alamo MHP, a 14-site manufactured housing community offering stable cash flow and immediate operational upside. The property currently has 12 occupied sites and a current physical occupancy of approximately 86%. The community generates reliable income through a combination of resident-owned homes and owner-financed units, providing investors with a diversified occupancy base and limited operational complexity. With current average lot rents of approximately $365 per month, the property offers a clear path for revenue growth through rent optimization while maintaining affordability for residents.

The investment opportunity is centered around bringing rents closer to market levels while benefiting from strong occupancy and limited vacancy exposure. Underwriting assumes average monthly rents increase from approximately $365 per month to $447 per month over the hold period through measured annual rent growth. As a result, total revenue is projected to increase from approximately $139,000 annually to nearly $145,000 annually by Year 3. The property's small size and straightforward operating structure create an attractive opportunity for both local operators and investors seeking a manageable manufactured housing asset with stable demand fundamentals.

Financially, Operating expenses have been normalized to reflect professional management, adequate reserves, and long-term ownership assumptions, providing a realistic framework for future performance. The community benefits from a favorable expense profile and limited capital requirements, allowing future revenue growth to flow efficiently to the bottom line. With occupancy already stabilized, investors can focus on rent growth and operational efficiencies rather than large-scale lease-up initiatives.

Combining stable occupancy, predictable cash flow, and achievable rent growth, Alamo MHP represents an attractive opportunity to acquire a well-performing manufactured housing community with durable long-term income potential. The property's high occupancy, low operational complexity, and clear path to NOI expansion create a compelling investment opportunity for both first-time manufactured housing investors and experienced operators seeking a stable, cash-flowing asset with upside.