Stable 33-unit Mobile Home & RV Community – 8.5% Cap Rate
Amarillo, TX
Asking price
$2,250,000
Sites
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Cap rate
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Price / site
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About this property
INVESTMENT HIGHLIGHTS & ASSET MIX Immediate cash-flowing investment featuring a stable, diverse rental base of 33 total units in Amarillo, Texas. The property asset breakdown includes 17 mobile homes (approximate mix of 60% Park-Owned Homes and 40% Tenant-Owned Homes), 2 framed houses, 9 mobile home lot rents, 4 RV lot rents, and a 625 sq. ft. storage garage. OPERATIONAL STABILITY & LOCATION Exceptional resident retention underpins this community: 38% of tenants have been in place for more than 5 years, and 74% have stayed over 1 year. The park features an established outdoor setting with a paved road base, sidewalks, and mature shade trees. It sits just one block away from an expansive 650-acre public recreation area and features direct pedestrian overpass access to local schools and grocery stores, keeping tenant demand consistently high. IDENTIFIABLE VALUE-ADD UPSIDE & UTILITIES - Scheduled Rent Growth: Current tenant leases carry a prescheduled 8% rent increase on renewal, providing an immediate path to higher revenue. There is also additional room to raise standard lot rents. - Utility Billing: Gas and electricity are fully updated and billed directly to tenants. A master water service main is in place, offering a buyer an immediate opportunity to implement a submeter or bill-back program to recover water costs and instantly drive up NOI. BONUS PORTFOLIO ADDITION (UNLISTED) An additional 18-unit mobile home park located just 3 miles away can be made available exclusively alongside this purchase to form a larger regional portfolio. This unlisted 18-unit property. Pricing for this second asset is not included in the $2.25M asking price and is available upon serious inquiry. To protect tenant privacy and ensure operational continuity, the identity and exact location of this community are strictly confidential. Financials and the full Confidential Offering Memorandum are available upon receipt of a signed NDA and Proof of Funds (POF).
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $2,250,000 |
|---|---|
| First seen by UnitListed | Oct 25, 2026 |
| Source page last checked | Oct 25, 2026 |
| Source last changed | Oct 25, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Site count and hookup mix — not disclosed
How many sites are there, and how many are full-hookup, partial or tent?
Full-hookup sites earn a multiple of what a tent site does. The count alone does not tell you the income.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Oct 25, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 25, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
