Manufactured Housing Community
8010 Thompson Rd Highlands, TX 77562
For Sale
Contact for pricing
Two-park manufactured housing portfolio with 108 sites and ~98% occupancy, currently producing about $519,000 annual revenue.
Days on Market78
Property Features for 8010 Thompson Rd
General Information
- Standard status
- Active
- Property subtype
- Mobile Home Park
Listing Agency:
Sunstone Real Estate Advisors
Listed By:
Brett Garner · License #IL
Source:
Crexi
Added: May 7
Changed: Jul 23
Last Checked: Jul 23 at 8:29AM
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.
Sunstone Real Estate Advisors presents Highlands Bay & Country Place MHP, a two-park manufactured housing portfolio totaling 108 sites offered as a single investment. The portfolio is currently operating at approximately 98% occupancy, supported by a diversified resident mix that includes both resident-owned and community-owned homes.
The assets are offered with a straightforward operating structure and meaningful scale relative to single-asset offerings in similar markets. Total annual revenue is approximately $519,000 based on current operations.
Underwriting reflects a disciplined stabilization and growth strategy focused on modest absorption of remaining vacancies, consistent annual rent increases, and normalized operating expenses under professional management. Revenue is projected to increase from approximately $519,000 currently to $1,137,121 by Year 5, with Net Operating Income projected to rise from approximately $252,000 to $829,115 by Year 5 as expense ratios improve from approximately 51% to 27%.
The assets are offered with a straightforward operating structure and meaningful scale relative to single-asset offerings in similar markets. Total annual revenue is approximately $519,000 based on current operations.
Underwriting reflects a disciplined stabilization and growth strategy focused on modest absorption of remaining vacancies, consistent annual rent increases, and normalized operating expenses under professional management. Revenue is projected to increase from approximately $519,000 currently to $1,137,121 by Year 5, with Net Operating Income projected to rise from approximately $252,000 to $829,115 by Year 5 as expense ratios improve from approximately 51% to 27%.
Key Highlights
- Two manufactured housing parks sold together as one portfolio with 108 total sites
- Approximately 98% occupancy currently, generating about $519,000 in total annual revenue
- Site‑weighted average lot rent of approximately $458 per month
Property Analytics
Location Intelligence
Current Use by Public Records
Highlands Bay Mobile ...
Housing Complex
J & S Water ...
Water Utility Company
FAQs
What type of property is this?
Mobile home & RV park - Two-park manufactured housing portfolio with 108 sites and ~98% occupancy, currently producing about $519,000 annual revenue.
Where is this mobile home & rv park located?
The property is located at 8010 Thompson Rd Highlands, TX.
What is the asking price?
The asking price for this property is $10,250,000.
What are key features of this property?
This property features: Two manufactured housing parks sold together as one portfolio with 108 total sites; Approximately 98% occupancy currently, generating about $519,000 in total annual revenue; Site‑weighted average lot rent of approximately $458 per month
