South Texas - Two Park Portfolio — Sale in Mcallen, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Mcallen, TX 78501
  • Year built: 1990

Photos

South Texas - Two Park Portfolio — Sale in Mcallen, TX, photo 1 of 2
South Texas - Two Park Portfolio — Sale in Mcallen, TX, photo 2 of 2

Investment Figures

Cap rate
8.07%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the exclusive offering of Baldwin Mobile Home Manor and Palm City Mobile Estates, a two-asset, 159-space manufactured housing portfolio located in the Rio Grande Valley. The two assets are positioned, respectively, in the Texas cities of McAllen and San Juan. Located less than four miles apart, the proximity between the two communities creates operational efficiencies and contributes to strong occupancy in this high-demand, border region market. Furthermore, both assets offer immediate access to key transportation routes, including Highways 2 and 281, and provide residents with excellent connectivity throughout the region. The locations likewise offer exceptional access to a wide variety of grocery, retail, dining, leisure, and employment options, meeting the needs of tenants and supporting long-term stability. The South Texas - Two Park Portfolio is being offered at a 8.07 percent capitalization rate with an estimated net operating income of $637,167. The portfolio includes 123 tenant-owned homes, 25 RV spaces, 7 apartment units, 3 fixed structures, 7 storage units, 1 warehouse, and 1 vacant mobile home space, for a total of 167 rentable units. The current lot rent at Baldwin Mobile Home Manor is $485 per month. At Palm City Mobile Estates, current lot rents are $435 per month for single-wide homes and $465 per month for double-wide homes. Both communities are served by city water and sewer systems, which are sub-metered and billed directly back to tenants. Trash service is also billed back, and electricity is billed directly to tenants by the utility provider. Operations are supported by an on-site manager at each property, along with a dedicated maintenance technician serving both locations. Please do not visit the park without prior approval. Please arrange property tours with Marcus & Millichap listing agents. Investment Highlights: • Strong Performance History with Consistently High Occupancy, Serving Residents Across

Market Context

This multifamily in Mcallen, TX is listed for sale. It is offered at an approximate 8.1% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1990. Compare it against other multifamily listings for sale in Mcallen, TX — view the full market.

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