Englehart Estates, 463 Estates, Devine RV Park
50 Unit, 3 RV/MH Park Portfolio South of San Antonio
Marketing description
PURCHASE STRUCTURE: Cash or institutional bank financing only. Existing debt is NOT ASSUMABLE. Creative & Seller Financing will not be entertained
North Star Brokerage & Advisory is pleased to offer for sale the Englehart RV & MHP Portfolio, a three-asset portfolio strategically positioned in the high-demand South San Antonio and Devine corridor.
Built in 2017–2018, the properties feature modern construction with concrete pads, paved roads, and optimized utility billing structures that minimize operational expenses. Englehart MHP and 463 Estates represent turnkey assets with zero deferred maintenance, while Devine RV Park on 5.83 acres with 15–25 site expansion potential. The portfolio serves long-term MH residents, seasonal RV guests, and park-owned home tenants with established management infrastructure and proven cash flow. South San Antonio and Medina County are experiencing sustained population growth exceeding 15% since 2020, driven by affordable housing demand, manufacturing expansion, and retirement migration. Limited competing RV and MHC inventory in the corridor positions the Englehart portfolio as a rare opportunity to acquire cash-flowing assets in a high-growth Texas secondary market with significant expansion and appreciation upside.
Looking for something else? Please submit your buyer criteria so that our team can better pair you with opportunities that meet your needs.
HOW TO PARTICIPATE
Inquiries should be made by contacting Caleb Jackson at [email protected]
DO NOT show up to the property unannounced.
DO NOT speak to staff, guests or owners without written consent from Broker.
Offers must be submitted in a Letter of Intent format with proof of funds and/or letter from a lender.
Please review all diligence materials prior to contacting an agent.
Notice to Subto and Creative Finance Communities
To all new members of the Pace Morby “Creative Finance” and “Subto” communities, we appreciate your enthusiasm and interest.
Please note that we work exclusively with verified buyers (and their brokers). To protect our sellers, we do not release proprietary information to intermediaries, scouts, “bird dogs,” or any third parties.
All buyers must contact us directly, complete registration, and sign a Confidentiality Agreement before receiving any property details. Proof of funds may be requested from all interested parties.
Investment highlights
- Strategic Infill Location — Portfolio positioned along FM 463 / Co Rd 7718 corridor at intersection of San Antonio metro expansion and rural demand with I-37 access.
- Supply Deficit — Limited competing RV/MHC inventory in 15-mile radius; comparable parks rent at $385–$550 vs. portfolio's $300–$550, indicating upside to market rates.
- Expansion Upside on Devine RV — 5.83 acres currently allow for 15–25 additional sites feasible without regulatory constraints.
- Recession-Resistant Cash Flow — Diversified tenant base (long-term MH residents, seasonal RV, POH financing) proven resilient across market cycles.
- Modern Asset Quality — Englehart MHP (2017) and 463 Estates (2018) represent recent construction; minimal deferred maintenance and tenant-paid utility structures optimize margins.
- Demographic Tailwinds — South San Antonio / Medina County experiencing sustained population inflow from affordable housing, manufacturing, and retirement migration; limited large-scale alternatives position portfolio as destination asset.
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