14-Site Manufactured Housing
For Sale
Contact for pricing
401 Decatur Street, Bowie, TX 76230
14-site manufactured housing community with 12 occupied sites and approximately 86% physical occupancy.
Property SizeContact for details
Days on Market49
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: Aug 3 at 1:12PM
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
Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 76230, TX
9,992
Population
4,937
Households
2
Avg Household Size
43
Median Age
16%
College-Educated
87%
High-School Grad
356.7 sq mi
ZIP Area
28
Density / Sq Mi
$64,467
Median Household Income
$38,302
Median Earnings
$1,063
Median Rent
$202,000
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 - 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.
