100 Stonewood Dr Lufkin, TX 75901
- Mobile home & RV parks
- 7.85 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 100 Stonewood Dr
- Year built
- 2005
- Lot size
- 7.85 lot acres
- Property type
- Mobile home & RV parks
Description
This exceptional investment opportunity presents The Village of Stonewood, a 39-unit mobile home park in Lufkin, Texas. Boasting 100% occupancy and a strong 8.48% capitalization rate, this property generates a substantial net operating income of $154,406. Built in 2005, the park sits on 7.85 acres and includes 39 of the community's 55 total units, representing a 71% stake. Each unit features a two-car metal-covered carport and a fenced yard. Monthly rental rates range from $710 to $1,500, providing significant income potential. The property offers further development opportunities with four existing vacant lots and the potential to develop 18 additional units on currently undeveloped land. The community is conveniently located less than 1,000 feet from Crown Colony, a highly desirable neighborhood. Each unit is individually addressed and sold with fee simple interest. Common area maintenance and utilities are covered by $85 monthly HOA dues from each privately owned unit. City water and sewer services are in place, with tenants responsible for their individual utility bills. Seller financing is available with a minimum 30% down payment and a 6% interest rate, with a balloon payment due in three years. This is a rare opportunity to acquire a well-established, high-performing mobile home park with significant upside potential. The property is age-restricted (55+). Prior approval is required for any site visits.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lufkin
- County
- Angelina
- State
- Texas
- Longitude
- -94.7098
- Latitude
- 31.278
