19040 Farm to Market 362, Waller, TX 77484

*The Seller has no interest in holding paper or creative financing.*

Sunstone Real Estate Advisors is pleased to present Quail Hollow, a 26-site manufactured housing community located in Waller, Texas, within the rapidly expanding northwest Houston corridor. The property is currently operating at approximately 96% occupancy, with 25 occupied sites and only 1 vacant site, providing stable in-place cash flow and limited operational complexity. Current average lot rent is approximately $463 per month, generating scheduled monthly lot rent of approximately $11,580. The community consists entirely of resident-occupied sites, creating a straightforward operating model with minimal management intensity. Quail Hollow benefits from its location in one of the fastest-growing regions of the Houston MSA, where continued residential and commercial expansion supports long-term housing demand.

The investment opportunity is centered on maintaining the property's strong occupancy while implementing consistent annual rent growth and operational efficiencies. Based on the current rent roll and adjusted expense assumptions, net operating income is projected to increase from approximately $78,236 to over $94,800 by Year 3. The property's high occupancy provides immediate cash flow stability, while below-replacement-cost housing demand throughout the region supports continued rent growth. With limited vacancy, strong operating fundamentals, and exposure to the ongoing growth of Waller County and northwest Houston, Quail Hollow offers investors a stabilized asset with durable long-term income potential.