47931 Michigan St - Manufactured Housing/Mobile Housing FOR SALE


Laguna Heights, TX 78578
$2,175,000 USD
925-999-5135
47931 Michigan St, Laguna Heights, TX for Sale
$2,175,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/38
null | 7.92% Cap Rate

47931 Michigan St
Laguna Heights, TX 78578


OVERVIEW

Compass Commercial is proud to present Sea Garden Mobile Home Park: A 59 Unit mixed MH/RV and quadplex community situated in Port Isabel, TX. Conveniently located along Ocean Boulevard, just off Laguna Madre, it offers exceptional accessibility and visibility. The community provides City hookups for Water and Sewer, ensuring ease of living for residents. Positioned 6 miles from South Padre Island and 45 minutes from Elon Musk’s Boca Chica Starbase. Musk has commitment to investing $30 million in the Cameron County school district and surrounding areas, this property epitomizes potential and holds significant appeal for potential buyers. Please reach out to the listing agents for the most recent financials and a rent roll.

FOR SALE DETAILS

PRICE

$2,175,000 USD

PRICE/SF

$22 USD /SF

# OF UNITS

59

PRICE/UNIT

$36,864

CAP RATE

7.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sea Garden

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

A-R, M-R

APN/PARCEL ID

117725,117766

ASK ABOUT THIS PROPERTY

Andrew NeumannCompassMore Info
925-999-5135

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Andrew NeumannCompassMore Info
925-999-5135

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.