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12182 State Highway 64 Tyler, TX 75704

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Value-add opportunity through lease-up and operational optimization.

Property Features for 12182 State Highway 64

General Information

Standard status
Active

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Listing Contact
Kolman Bubis
Source: Crexi

Listing Agency: Sunstone Real Estate Advisors Listing Agent: Kolman Bubis

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

88-Site Manufactured Housing Community

River Birch Estates is an 88-site manufactured housing community. It presents a value-add opportunity through lease-up, income normalization, and operational optimization. The community currently generates approximately $406,000 in total revenue and $217,448 in Net Operating Income. The property is operating at approximately 73.9% economic occupancy, with 65 occupied revenue-generating sites at an average space rent of $450 per month. The remaining sites include a mix of vacant pads, undeveloped lots, and non-income-producing spaces, creating a path for expansion without additional land acquisition. Utilities are supported through resident reimbursements. Investors have the opportunity to acquire a partially stabilized asset with upside tied directly to infill and disciplined management. The business plan assumes a structured lease-up beginning in Year One, with average occupied sites increasing to 69 homes (78.4% occupancy). Under the Year One model, total revenue is projected at approximately $500,000, with NOI of $307,766 as operations transition toward stabilization. By Year Three, occupancy is projected to reach 87.5%, with average rents increasing to $640 per month, driving NOI to approximately $428,000+. Expense ratios improve over the hold period as fixed costs are leveraged across a larger rent base, declining to approximately 34% by Year Three. The investment thesis is based on infill-driven growth and operational leverage.
Location Intelligence

Current Use by Public Records

River Birch Estates Campground & RV Park

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Tyler
County
Smith
State
Texas
Longitude
-95.366978
Latitude
32.361332

FAQs

What type of property is this?
Mobile home & RV park - Value-add opportunity through lease-up and operational optimization.
Where is this mobile home & rv park located?
The property is located at 12182 State Highway 64 Tyler, TX.
What are key features of this property?
This property features: - Value-add opportunity through lease-up of vacant sites and operational improvements.; - Significant upside potential to increase Net Operating Income (NOI) to $428,000+ by Year Three.; - Partially stabilized asset with **73.9% economic occupancy** and 65 occupied revenue-generating sites.
More about this property
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