420 Athletic Dr Lovelady, TX 75851

Listing agency Other Street Advisors

Listed by Enon Winkler · License #FL BK3055134

Source Crexi

Added: Apr 12 Updated: Jul 22 at 8:52AM Checked: Jul 22 at 8:52AM

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Investment Insights

Based on property information with market context.

Lovelady MHC is a 22-unit mobile home community offering a mix of tenant-owned and park-owned homes, along with vacant lots. Current operations include 11 tenant-owned homes with an average lot rent of $250 per month and 5 park-owned homes with an average home rent of $467 per month. There are also 6 vacant lots, with 5 undeveloped.

The community is served by all city utilities, supporting ongoing residential operations across the property. Occupancy is approximately 73%.

The seller’s strategy focuses on aligning rents to market rate and filling the remaining six vacant lots to grow net operating income over time.

Key Highlights

• 22‑unit mobile home community in Lovelady, TX
• Current mix includes 11 tenant‑owned homes and 5 park‑owned homes
• Average lot rent is $250/month for tenant‑owned homes; average home rent is $467/month for park‑owned homes

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FAQs

What type of property is this?

Mobile home & RV park - Lovelady MHC is a 22-unit mobile home community with tenant-occupied homes, vacant lots, and city utilities.

Where is this mobile home & rv park located?

The property is located at 420 Athletic Dr Lovelady, TX.

What are key features of this property?

This property features: 22‑unit mobile home community in Lovelady, TX; Current mix includes 11 tenant‑owned homes and 5 park‑owned homes; Average lot rent is $250/month for tenant‑owned homes; average home rent is $467/month for park‑owned homes