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Property profile & analytics
OFF-MARKET
Mobile home & RV parks

923 Hl Rd 12 Houston, TX 77037-1800

1,036 SF 4 ac lot Built 1960
Individually Owned 24-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-1040934
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mobile home & RV parks
Use group MOBILE HOME PARK, TRAILER PARK
Year built 1960
Construction WOOD FRAME
Total area 1,036 SF
Lot 4 ac (174,240 SF)
APN 552290000009
UPID US82-1040934
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Lorenzo Morales
Lorenzo Morales
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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