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8-Unit Mobile Home Park Portfolio
For Sale
$525,000

14821 Lucas Dr, Splendora, TX 77372

Manufactured housing assets span Splendora and Cleveland markets with current tenant occupancy.

Property SizeContact for details
Days on Market67

Property Features for 14821 Lucas Dr

General Information

Standard status Active
Property subtype Multifamily

Property Condition

Severity Repairs Needed
Evidence Several homes could benefit from updates

Additional Details

Multifamily Units 8

Building Details

Year Built 1980
Construction manufactured housing
Listing Agency: eXp Realty, LLC
Listed By: Adam Olsen, CCIM · License #TX #0642075
Source: Thecommercialprofessionals
Added: Jun 25 Changed: Aug 29 Last Checked: Aug 29 at 1:28PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC

Investment Insights

Based on property information with market context.

This portfolio comprises 8 manufactured housing units established in 1980, with 4 active tenants in place. The asset includes homes in varying condition, and several units may benefit from updates or other property improvements. Existing occupancy provides an operating base while preserving the ability to address unit condition over time.

The portfolio is distributed across two locations serving the Splendora and Cleveland markets. One property is located at 14821 Lucas Dr in Splendora, Texas. The combination of multiple units, current tenants, and identified renovation needs creates a clearly defined physical and operational profile for review by purchasers seeking a manufactured housing asset.

Key Highlights

  • 8 manufactured housing units established in 1980
  • 4 active tenants currently in place
  • Portfolio spans two locations across the Splendora and Cleveland markets

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick HVAC Service Storage Facility Pharmacy Plumbing Service (Bike/Boat/Book/etc) Store Building Supply

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

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

153
Businesses Nearby

Demographics for 77372, TX

13,306
Population
4,779
Households
2.8
Avg Household Size
36
Median Age
12%
College-Educated
80%
High-School Grad
51.5 sq mi
ZIP Area
258
Density / Sq Mi
$78,601
Median Household Income
$38,263
Median Earnings
$1,226
Median Rent
$217,600
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 - Manufactured housing assets span Splendora and Cleveland markets with current tenant occupancy.
Where is this mobile home & rv park located?
The property is located at 14821 Lucas Dr Splendora, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 8 manufactured housing units established in 1980; 4 active tenants currently in place; Portfolio spans two locations across the Splendora and Cleveland markets
More about this property
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