Listing Agency: Other Street Advisors

Listed By: Enon Winkler · License #FL BK3055134

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Aug 9 at 1:49PM

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Investment Insights

Based on property information with market context.

Lovelady MHC is a 22-unit mobile home community offering a mix of tenant-owned and park-owned homes, along with vacant lots. Current operations include 11 tenant-owned homes with an average lot rent of $250 per month and 5 park-owned homes with an average home rent of $467 per month. There are also 6 vacant lots, with 5 undeveloped.

The community is served by all city utilities, supporting ongoing residential operations across the property. Occupancy is approximately 73%.

The seller’s strategy focuses on aligning rents to market rate and filling the remaining six vacant lots to grow net operating income over time.

Key Highlights

• 22‑unit mobile home community in Lovelady, TX
• Current mix includes 11 tenant‑owned homes and 5 park‑owned homes
• Average lot rent is $250/month for tenant‑owned homes; average home rent is $467/month for park‑owned homes

Property Analytics

Property Profile

Current Use

Lovelady Mobile Home ... Campground & RV Park

Suggested Use

Top Pick Building Supply Auto Parts Store Bakery Cafe & Coffee Shop Auto Repair Shop Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

Explore this area Business Placement

Demographics for 75851, TX

4,869

Population

1,220

Households

4

Avg Household Size

43

Median Age

9%

College-Educated

78%

High-School Grad

264.1 sq mi

ZIP Area

18

Density / Sq Mi

$66,500

Median Household Income

$35,491

Median Earnings

$1,009

Median Rent

$165,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Lovelady MHC is a 22-unit mobile home community with tenant-occupied homes, vacant lots, and city utilities.

Where is this mobile home & rv park located?

The property is located at 420 Athletic Dr Lovelady, TX.

What are key features of this property?

This property features: 22‑unit mobile home community in Lovelady, TX; Current mix includes 11 tenant‑owned homes and 5 park‑owned homes; Average lot rent is $250/month for tenant‑owned homes; average home rent is $467/month for park‑owned homes