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Buy&Hold (Mobile Home Park): (70 Units) Infinity Park, Lubbock, TX + $1,600,000

Mobile Home Park Investment Opportunity


Price

1,600,000


OFF-MARKET INVESTMENT OPPORTUNITY

Infinity Park Mobile Home Community

302 E Purdue


Executive Summary

Infinity Park is a 70-lot mobile home park located at 302 E Purdue in Lubbock, Texas, positioned just off a major highway corridor with strong visibility and access. The property is currently under-occupied and offers a clear, near-term value-add path. Per seller guidance, a fully occupied community is valued at approximately $2,450,000, and the seller is already executing an accelerated infill plan.

Immediate catalyst: The seller plans to move 10–15 homes into the park within the next 60 days, with tenants already in place, materially increasing occupancy and income in the short term.


Purchase Terms

  • Asking Price: $1,600,000

  • Seller Financing: None

  • Deal Type: Off-market asset sale

  • Delivery: As-is, with infill plan underway


Property Overview

  • Community Name: Infinity Park

  • Asset Type: Mobile Home Park (MHP)

  • Total Lots: 70

  • Lots with Homes (Current): 25

  • Occupied Homes (Current): 18

  • Vacant Homes: 7

  • Vacant Lots: 45

  • Current Occupancy: ~25.7%

  • Condition: Value-add / infill / selective rehab


Utilities & Infrastructure

  • Utilities: City utilities

  • Zoning: Existing mobile home park use

  • Access: Direct access from a main roadway

  • Site Layout: Traditional MHP configuration with substantial room for infill


Current Financial Snapshot

  • Current Monthly Rental Income: ~$5,910

  • Current Annual Rental Income: ~$70,920

  • Estimated Monthly Taxes & Insurance: ~$744

  • Estimated Annual Taxes & Insurance: ~$8,925

  • Estimated Annual Maintenance Allowance: ~$8,820

Note: Income reflects current occupancy only and does not include the near-term infill currently being executed by the seller.

Near-Term Infill Plan (Seller-Provided Update)

  • 10–15 homes scheduled to be moved into the park within ~60 days

  • Tenants already secured for these homes

  • Immediate boost to occupancy, cash flow, and valuation

  • Positions the asset for continued infill and stabilization

This execution significantly de-risks the business plan and shortens the timeline to meaningful cash flow growth.


Stabilized Upside & Valuation

  • Estimated Market Rent at Full Occupancy: ~$24,500/month

  • Gross Potential Rent (Annual): ~$294,000

  • Estimated Stabilized Net Income: ~$276,255 annually

  • Stabilized Value (Seller Estimate): ~$2,450,000

Implied Value Creation:Acquiring at $1.6M with a clear path to ~$2.45M stabilized value through infill and occupancy improvements.

Value-Add Strategy

  • Complete seller’s Phase I infill (10–15 homes) with in-place tenants

  • Rehabilitate 7 vacant homes

  • Continue infill of remaining vacant lots

  • Optimize management and collections

  • Stabilize rents to market


Investment Highlights

  • Off-market pricing with strong basis

  • Seller already executing near-term infill

  • City utilities in place

  • Significant upside through occupancy alone

  • Affordable housing asset class with durable demand

  • Clear path from underutilized to stabilized valuation


Ideal Buyer Profile

  • Mobile home park operators

  • Value-add investors

  • Syndicators focused on manufactured housing

  • Buyers seeking yield + appreciation through execution


Offer Submission

Please submit all offers directly to:📧 investments@promiselandrealtyllc.com

Serious inquiries only. Additional details available upon request with buyer profile and proof of funds.


Inquiries / NDA Requests: investments@promiselandrealtyllc.com


Property Map


TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.


All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.


Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.


OFFICIAL PROMISELAND LENDING PARTNER


100% Financing for Rehab Projects

Powered by Residential Capital Partners

ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.


🔹 100% Financing – Covers purchase + rehab

🔹 Fast Closings – ~10 days

🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)

🔹 Loan Size – $75K–$1.25M

🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien

🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props

        Nationwide Coverage (Excludes: AK, AZ, NV, PA)

        Proof of Funds Available

This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509

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Trusted by 1,000,000+ Investors. Featured on BiggerPockets:



PROMISELAND DISCLAIMER:


Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.

No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.


All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.


Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.




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