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3621 County Road 161
Alvin, TX 77511
Community Park of Alvin · Multifamily Property For Sale · 12,128 SF

Investment Highlights

  • Location is walking distance of two elementary schools
  • Tenants pay their own electricity and trash pickup
  • Underground electrical utilities, city water and sewer
  • All rents collected online
  • Low maintenance and well maintained community
  • All units have PEX plumbing, refrigerator, washer/dryer

Executive Summary

Introducing the Community Park of Alvin MHP, a prime investment opportunity at 3621 County Road 161, Alvin, Texas 77511. This well-maintained mobile home park boasts convenient amenities and a strategic location within walking distance of two elementary schools. With tenants responsible for utilities and trash pickup, the park offers a hassle-free management experience. Benefiting from underground utilities, LED lighting, and a reliable drainage system in Flood Zone X, this property requires low maintenance. The park features modern homes with galvanized aluminum skirting, enhancing its curb appeal. Positioned in a growing submarket with low vacancy rates, this property presents a lucrative investment in a thriving community. Furthermore, the economic development in Alvin, including new home expansions and proposed medical facilities, indicates a positive outlook for real estate in the area. Don't miss out on this opportunity to own a high-performing mobile home park in a developing market. Contact us today for more information. Stabilized and proven mobile home park in a healthy and growing submarket. Well developed property with excellent tenants and no deferred maintenance issues. All 1 year leases with room to raise rents upon renewal.

Property Facts Under Contract

Price Per Unit $150,350 CAD
Sale Type Investment
Cap Rate 8.77%
No. Units 14
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
Lot Size 1.19 AC
Building Size 12,128 SF
Average Occupancy 100%
No. Stories 1
Year Built 2023
Parking Ratio 1.98/1,000 SF
Zoning 0041

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Washer/Dryer
  • Ceiling Fans
  • Refrigerator
  • Range
  • Tub/Shower
  • Yard
  • Deck
  • Double Pane Windows
  • Handrails
  • Pantry
  • Porch
  • Smoke Free
  • Vinyl Flooring

Site Amenities

  • Courtyard
  • Gated
  • Trash Pickup - Curbside

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 6 $1,392 CAD -
2+1 8 $1,731 CAD -

Property Taxes

Property Taxes

Parcel Number
0478-0022-122
Land Assessment
$104,580 CAD
Improvements Assessment
$187,390 CAD
Total Assessment
$291,970 CAD
  • Listing ID: 33824542

  • Date on Market: 2024-11-10

  • Last Updated:

  • Address: 3621 County Road 161, Alvin, TX 77511

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