2501 Lone Tree MHP
42-site MH Community in Victoria, TX
Marketing description
*The seller is not interested in holding paper or creative financing.*
Sunstone Real Estate Advisors is pleased to present 2501 Lone Tree MHP, a 42-site all-age manufactured housing community located in Victoria, Texas, the economic hub of the Texas Coastal Bend. Situated on approximately 10.0 acres, the community is currently operating at approximately 88.1% occupancy, with 36 resident-occupied homes, one rent-to-own home, and five vacant sites, providing both stable in-place cash flow and immediate lease-up potential. Current average site rent is approximately $480 per month, generating scheduled monthly lot rent of approximately $17,760. The property benefits from public water and sewer utilities, with water submetered and electric directly billed to tenants, while trash and sewer costs are recovered through flat fees. Located within an Opportunity Zone and positioned near Victoria's major employers, healthcare facilities, and regional transportation corridors, the community is well positioned to benefit from continued demand for affordable housing.
The investment opportunity is centered on leasing the remaining vacant sites while implementing steady annual rent increases and maintaining operational efficiencies. Underwritten occupancy is projected to increase to approximately 95.2%, with average monthly site rents growing from $480 to $570 by Year 3. As a result, net operating income is projected to increase from approximately $128,900 to over $179,500 during the same period. With stable occupancy, additional infill potential, efficient utility reimbursement, and a location within Victoria's growing regional employment center, 2501 Lone Tree MHP offers investors a compelling opportunity to acquire a cash-flowing community with meaningful upside through continued stabilization and rental growth.
Investment highlights
- 42-site all-age manufactured housing community in Victoria, TX
- 88.1% occupied with 36 resident-owned homes and 1 rent-to-own home
- 5 vacant sites provide immediate lease-up and infill upside
- Average site rent of approximately $480/month, with projected growth to $570/month by Year 3
- Opportunity Zone location within the Victoria MSA
- Projected occupancy increase to approximately 95.2% by Year 1
- Projected NOI growth from approximately $128,900 to $179,500 by Year 3
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