Description
Lot Size: 3.95 Acres
Sector: Multi-Family
Type: Mobile Home Park
Misty Lane Mobile Home Park
$925,000.00
A Turnkey Value-Add Opportunity in Texarkana
AngelBG is pleased to present Misty Lane Mobile Home Community—a value-add investment opportunity located just off S Kings Hwy, on the outskirts of the Texarkana metro area. This well-established community has operated for over 20 years and is currently under absentee ownership, now on its second owner.
The community serves a long-term and stable tenant base and benefits from public water and sewer connections. Tenants are responsible for their own electricity, water, and sewer expenses, while trash collection is covered by the park.
Over the past three years, ownership has initiated strategic improvements across the 16 park-owned homes to reintroduce them into the rental market at stronger rates. Six units have already been fully renovated, with ten more recently vacated and ready for value-driven upgrades. Additionally, the park has seen substantial exterior enhancements, including landscaping improvements, road repairs, and multiple roof replacements.
While not yet stabilized, Misty Lane represents a compelling opportunity for investors to complete home remodels, fill vacant lots, and potentially sell off homes for increased returns.
For more information or to explore similar investment opportunities across Texas, visit angelbg.com and connect with our team of real estate specialists.
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