Log In/Sign Up
Your email has been sent.
22700 City Lake Rd 9 Unit Mobile Home Park $585,709 CAD ($65,079 CAD/Unit) Canyon, TX 79015
Investment Highlights
- Value-add mobile home park opportunity at 22700 City Lake Rd in Canyon, Texas, featuring 9 existing lots with expansion potential to 12 total lots
- Strong operational and market fundamentals, including a new well and septic system
- Below market lot rents currently ranging from $400 to $500 per month, compared to estimated market rents of approximately $650 per month
- Continued demand for affordable housing in the Canyon and Amarillo market
Executive Summary
Rent Upside
Current rents below market
Comparable park rents $600+ without utilities
• Subject property includes W/S/T ? even stronger positioning
Lease-Up Opportunity
• 2 homes currently being sold ? near-term income increase
• Repo home can be resold or rented
Expansion Opportunity
Expand from 9 to 12 lots
Existing well supports expansion
Upgrade option removes limitation
Development Cost
• ~$22,500 per lot
Turnkey contractor available (lot prep, utilities, etc.)
Current rents below market
Comparable park rents $600+ without utilities
• Subject property includes W/S/T ? even stronger positioning
Lease-Up Opportunity
• 2 homes currently being sold ? near-term income increase
• Repo home can be resold or rented
Expansion Opportunity
Expand from 9 to 12 lots
Existing well supports expansion
Upgrade option removes limitation
Development Cost
• ~$22,500 per lot
Turnkey contractor available (lot prep, utilities, etc.)
Property Facts
| Price | $585,709 CAD | Apartment Style | Garden |
| Price Per Unit | $65,079 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 9,610 SF |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1995 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $585,709 CAD |
| Price Per Unit | $65,079 CAD |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Building Size | 9,610 SF |
| No. Stories | 1 |
| Year Built | 1995 |
1 1
Exceptionally drivable
100/100
Somewhat bikeable
20/100
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
22700 City Lake Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.