72-Unit Mobile Home
302 East Purdue Street Lubbock, TX 79403
For Sale
Contact for pricing
Seventy-two-unit mobile home community with city water and sewer service and current mix of vacant and occupied homes.
Days on Market70
Property Features for 302 East Purdue Street
General Information
- Standard status
- Active
- Property subtype
- Multifamily, Land, Mobile Home Park
Listing Agency:
eXp Commercial
Listed By:
Armand Violi · License #SL3452154
Source:
Crexi
Added: May 16
Changed: Jul 21
Last Checked: Jul 24 at 10:46AM
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.
Infinity Mobile Home Community is a 72-unit mobile home community offering a combination of park-owned and tenant-owned homes. The property includes 4 vacant park-owned homes and 13 tenant-owned homes, with projected average rent of $750 per month for the vacant park-owned homes and $493 per month in average lot rent for tenant-owned homes. At the time of acquisition, the community generated approximately $99,963 in gross income and $30,094 in net operating income (NOI), establishing a baseline of cash flow.
The community is serviced by city water and sewer. The stated investment strategy includes a lease-up phase to fill 10 vacant mobile home (MH) sites per year until full capacity. The plan also calls for steady 5% annual rent increases for lot rents and 7% annual increases for park-owned homes to align rents with market levels.
Additional described opportunities include converting an unused onsite office into a single-family residential (SFR) unit and addressing four abandoned homes currently on-site.
The community is serviced by city water and sewer. The stated investment strategy includes a lease-up phase to fill 10 vacant mobile home (MH) sites per year until full capacity. The plan also calls for steady 5% annual rent increases for lot rents and 7% annual increases for park-owned homes to align rents with market levels.
Additional described opportunities include converting an unused onsite office into a single-family residential (SFR) unit and addressing four abandoned homes currently on-site.
Key Highlights
- 72‑unit mobile home community in Lubbock, TX with a mix of vacant and occupied homes
- City water and sewer service for the community
- Income baseline at acquisition: about $99,963 gross income and $30,094 Net Operating Income (NOI)
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
FAQs
What type of property is this?
Mobile home & RV park - Seventy-two-unit mobile home community with city water and sewer service and current mix of vacant and occupied homes.
Where is this mobile home & rv park located?
The property is located at 302 East Purdue Street Lubbock, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 72‑unit mobile home community in Lubbock, TX with a mix of vacant and occupied homes; City water and sewer service for the community; Income baseline at acquisition: about $99,963 gross income and $30,094 Net Operating Income (NOI)
