Manufactured Housing Community
420 Pyka Rd Fredericksburg, TX 78624
For Sale
Contact for pricing
44-site manufactured housing community with 100% occupancy and all sites currently tenant-occupied.
Days on Market115
Property Features for 420 Pyka Rd
General Information
- Standard status
- Active
- Property subtype
- Mobile Home Park
Listing Agency:
Sunstone Real Estate Advisors
Listed By:
Kolman Bubis · License #IL 475173212
Source:
Crexi
Added: Apr 2
Changed: Jul 22
Last Checked: Jul 25 at 3:05AM
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
Investment Insights
Based on property information with market context.
Windmill Oaks is a 44-site manufactured housing community currently operating at 100% occupancy, with every site tenant-occupied and providing in-place income. The property presents a rent-alignment value-add strategy, with current average lot rents around $425 per month and projected increases over a three-year hold period. Underwritten projections call for rents to rise to $525 in Year 1, $625 in Year 2, and $700 by Year 3 while maintaining full occupancy.
Financial projections indicate Net Operating Income increasing from approximately $141,000 to $267,000 by Year 3, with total revenue expected to reach over $396,000 annually, primarily driven by the scheduled rent increases. Expense ratios are underwritten to remain efficient at approximately 33%, supporting strong operating margins.
The community also includes an expansion concept, with the ability to at least replicate the existing 44-lot layout and potentially increase density further, subject to buyer preference and compliance with city guidelines. The offering is positioned as a core-plus manufactured housing investment focused on operational execution and rent optimization.
Financial projections indicate Net Operating Income increasing from approximately $141,000 to $267,000 by Year 3, with total revenue expected to reach over $396,000 annually, primarily driven by the scheduled rent increases. Expense ratios are underwritten to remain efficient at approximately 33%, supporting strong operating margins.
The community also includes an expansion concept, with the ability to at least replicate the existing 44-lot layout and potentially increase density further, subject to buyer preference and compliance with city guidelines. The offering is positioned as a core-plus manufactured housing investment focused on operational execution and rent optimization.
Key Highlights
- Windmill Oaks is a 44‑site manufactured housing community with 100% occupancy and all sites currently tenant‑occupied.
- Average lot rents are approximately $425/month, under projected market levels, supporting phased rental realignment.
- Underwritten rent growth to $525 in Year 1, $625 in Year 2, and $700 by Year 3 while maintaining full occupancy.
Property Analytics
Location Intelligence
Current Use by Public Records
Windmill Oaks
Campground & RV Park
FAQs
What type of property is this?
Mobile home & RV park - 44-site manufactured housing community with 100% occupancy and all sites currently tenant-occupied.
Where is this mobile home & rv park located?
The property is located at 420 Pyka Rd Fredericksburg, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Windmill Oaks is a 44‑site manufactured housing community with 100% occupancy and all sites currently tenant‑occupied.; Average lot rents are approximately $425/month, under projected market levels, supporting phased rental realignment.; Underwritten rent growth to $525 in Year 1, $625 in Year 2, and $700 by Year 3 while maintaining full occupancy.
