923 Hl Rd 12 Houston, TX 77037-1800
This fee-simple mobile home park in Houston, TX (Harris County, zip code 77037) presents a compelling investment opportunity. The property, situated on a 4-acre lot (APN: 055-229-000-0009), boasts 12 currently rented mobile homes generating approximately $18,000 in monthly income. Adding to the revenue stream are two standalone homes and a 4,000 square foot commercial building on a concrete slab, currently vacant but with a potential rental income of approximately $3,500 per month. The park features 14 total pads and was built in 1960. The property is zoned unrestricted, offering flexibility for future development. The asking price is $2,900,000, translating to approximately $207,143 per pad. This turnkey investment benefits from a strong rental market in Harris County and its convenient location just outside Houston city limits, offering easy access to major transportation routes and amenities. The property's multiple income streams and potential for expansion make it an attractive option for investors seeking stable returns and future growth. This is a rare opportunity to acquire a well-established mobile home park with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.