Manufactured Housing Community
For Sale
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2434 FIRNAT ST, Houston, TX 77093
25-site manufactured housing community with tenant-owned homes and vacant infill sites for lease-up.
Property Size1,847 SF
Price / SF$812.13
Days on Market50
Property Features for 2434 FIRNAT ST
General Information
Standard status
Active
Size
1,847 SF
Property subtype
Multifamily, Mobile Home Park
Occupancy
80%
Additional Details
Multifamily Units
25
Building Details
Year Built
1950
Listing Agency:
eXp Commercial
Listed By:
Nick McMillan · License #00000
Source:
Crexi
Added: Jun 17
Changed: Jul 10
Last Checked: Aug 4 at 8:12AM
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 Commercial
Investment Insights
Based on property information with market context.
Firnat MHP is a 25-site manufactured housing community featuring seventeen tenant-owned homes, two occupied park-owned homes, and one single-family residence. Current occupancy is 80% economically, with five vacant sites available for infill development. Of the vacant sites, two have full infrastructure, while three require meters added to the water spigots. Utility services are supported by city water and city sewer, which are included in tenant rents, while trash is billed directly to residents and electric is separately metered and tenant-paid.
The community is located in Houston, Texas, at 2434 Firnat St.
The offering is structured for an owner-operator or investor seeking immediate in-place income and the ability to drive results through infill and occupancy improvement. Current operations generate approximately $186,793 in annual gross income and approximately $117,309 in Net Operating Income (NOI). A new owner may also be able to assume the existing financing currently in place, with an outstanding loan balance of approximately $969,015, monthly payments of $5,996, a 6.0% interest rate, approximately 28 years remaining on amortization, and a balloon payment due in December 2031.
The community is located in Houston, Texas, at 2434 Firnat St.
The offering is structured for an owner-operator or investor seeking immediate in-place income and the ability to drive results through infill and occupancy improvement. Current operations generate approximately $186,793 in annual gross income and approximately $117,309 in Net Operating Income (NOI). A new owner may also be able to assume the existing financing currently in place, with an outstanding loan balance of approximately $969,015, monthly payments of $5,996, a 6.0% interest rate, approximately 28 years remaining on amortization, and a balloon payment due in December 2031.
Key Highlights
- 25‑site manufactured housing community in Houston, TX, with 17 tenant‑owned homes, 2 occupied park‑owned homes, and 1 single‑family residence
- Current occupancy is 80% economically occupied, with rents including average $695/mo lot rent for tenant‑owned homes
- Includes 5 vacant sites for infill; 2 have full infrastructure, and 3 require meters added to water spigots
Property Analytics
Property Profile
Current Use
Lease Details
25
Residential units
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 77093, TX
47,736
Population
14,671
Households
3.3
Avg Household Size
31
Median Age
5%
College-Educated
51%
High-School Grad
12.0 sq mi
ZIP Area
3,978
Density / Sq Mi
$41,958
Median Household Income
$28,493
Median Earnings
$1,102
Median Rent
$122,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 25-site manufactured housing community with tenant-owned homes and vacant infill sites for lease-up.
Where is this mobile home & rv park located?
The property is located at 2434 FIRNAT ST Houston, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 25‑site manufactured housing community in Houston, TX, with 17 tenant‑owned homes, 2 occupied park‑owned homes, and 1 single‑family residence; Current occupancy is 80% economically occupied, with rents including average $695/mo lot rent for tenant‑owned homes; Includes 5 vacant sites for infill; 2 have full infrastructure, and 3 require meters added to water spigots
