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Property profile

13892 Us-83 Bus La Feria, TX 78559

OFF-MARKET
Mobile home & RV parks
45,302 SF
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 25-unit mobile home park ideally situated on approximately one acre along Business Highway 83 in La Feria, Texas, zip code 78559, within Cameron County. The property, classified as Class C, boasts a total square footage of 45,302 and is offered at an asking price of $697,000, translating to $15.39 per square foot. The park features a convenient mix of 50-amp and 30-amp hookups for its residents, ensuring ease of access and utility. Adding to its appeal is a dedicated recreational hall, providing a communal space for residents. Currently, the park enjoys a blend of long-term and newer tenants, contributing to a stable occupancy rate and a welcoming community atmosphere. The property is zoned for commercial use, presenting potential for future expansion or development. This turnkey operation offers immediate income generation, making it an attractive proposition for investors seeking a stable and profitable venture in a thriving Texas community. Financial details are available upon request.

Property profile

Verified
Property type Mobile home & RV parks
Total area 45,302 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

13892 Us-83 Bus La Feria, TX 78559
La Feria metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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