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MHP/MHC

930 West Expy, Mission, TX, USA

$20,500,000

Mission Gardens Family Park

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Property Description

Jennifer Stein Real Estate, Inc. in conjunction with MHP Brokerage is pleased to present for sale Los Reyes Family Park. Mission Gardens Family Park is a well-established all-age community offering 223 spaces, of which 176 homes are owned by the park, making it a solid cash flow generator with high-quality tenants. The park boasts an impressive 98% occupancy rate, thanks to a strategic focus on infill over the last seven years by the current owner. Many of the tenants are families, providing a sense of community and creating a strong incentive for long-term residency. The park features desirable amenities, including a pool and a fully gated environment, enhancing the quality of life for its residents. Additionally, the current owner has fully upgraded all of the electrical infrastructure in the park, and there is no deferred maintenance, ensuring the property remains in top condition and reducing future capital expenditure risks. Located in the heart of the Rio Grande Valley, Mission, TX is a thriving city with significant economic growth, bolstered by major developments in the region, including the presence of SpaceX and other industries driving job creation and infrastructure expansion. This growth has led to increased demand for affordable housing, making Mission an ideal location for mobile home park investments. The area’s proximity to both the Mexico border and key transportation routes only enhances its appeal as a regional hub for both residents and businesses, setting the stage for continued population growth and long-term investment potential in the years to come.

Investment Highlights

  • Seller financing available up to $5.8M

  • SITES: 223

  • DOH: 176

  • OCCUPANCY: 98.2%

  • LAND AREA: 17 acres

  • YEAR BUILT: 1972

  • COMMUNITY DESIGNATION: "All Age" Family

Listed By

Wyatt Minor

Wyatt Minor

Investment Advisor, MHP

(206) 274-7007

(208) 309-2561

Contact Agent

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