14-Site Manufactured Housing
401 Decatur Street Bowie, TX 76230
For Sale
Contact for pricing
14-site manufactured housing community with 12 occupied sites and approximately 86% physical occupancy.
Days on Market38
Property Features for 401 Decatur Street
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing Agency:
Sunstone Real Estate Advisors - Houston
Listed By:
Casey Thom · License #9007588
Source:
Crexi
Added: Jun 17
Changed: Jul 23
Last Checked: Jul 23 at 10:47AM
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 Sunstone Real Estate Advisors - Houston
Investment Insights
Based on property information with market context.
Alamo MHP is a 14-site manufactured housing community with 12 currently occupied sites, reflecting approximately 86% physical occupancy. Income is generated through a mix of resident-owned homes and owner-financed units, supported by a straightforward operating structure.
The property is located at 401 Decatur Street in Bowie, TX. Current average lot rents are approximately $365 per month, and underwriting assumes rents increase to approximately $447 per month over the hold period through measured annual rent growth. Based on those assumptions, total revenue is projected to increase from approximately $139,000 annually to nearly $145,000 annually by Year 3. Operating expenses have been normalized to reflect professional management, adequate reserves, and long-term ownership assumptions, providing a framework for evaluating future performance.
The property is located at 401 Decatur Street in Bowie, TX. Current average lot rents are approximately $365 per month, and underwriting assumes rents increase to approximately $447 per month over the hold period through measured annual rent growth. Based on those assumptions, total revenue is projected to increase from approximately $139,000 annually to nearly $145,000 annually by Year 3. Operating expenses have been normalized to reflect professional management, adequate reserves, and long-term ownership assumptions, providing a framework for evaluating future performance.
Key Highlights
- 14‑site manufactured housing community with 12 occupied sites and approximately 86% physical occupancy.
- Average lot rents of approximately $365/month, with a projected increase to approximately $447/month over the hold period.
- Current revenue projected to rise from approximately $139,000 annually to nearly $145,000 annually by Year 3.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
FAQs
What type of property is this?
Mobile home & RV park - 14-site manufactured housing community with 12 occupied sites and approximately 86% physical occupancy.
Where is this mobile home & rv park located?
The property is located at 401 Decatur Street Bowie, TX.
What is the asking price?
The asking price for this property is $732,000.
What are key features of this property?
This property features: 14‑site manufactured housing community with 12 occupied sites and approximately 86% physical occupancy.; Average lot rents of approximately $365/month, with a projected increase to approximately $447/month over the hold period.; Current revenue projected to rise from approximately $139,000 annually to nearly $145,000 annually by Year 3.
