Eastgate MHP

Investment Overview

**This Seller has no interest in holding paper or creative financing.** Eastgate MHP is a 98-site manufactured housing community located at 6108 LTjg Barnett Rd, Fort Worth, TX 76114, within one of the most dynamic and rapidly expanding metropolitan areas in the country. The offering also includes an on-site retail building totaling 4,416 rentable square feet, providing an additional income stream alongside the residential operations. The community maintains a strong 94% occupancy rate, supported by residents who value affordability, convenient access to major transportation routes, and proximity to established retail corridors. With current average lot rents of $547, more than $150 below comparable communities, Eastgate offers meaningful upside through strategic rent positioning. The property operates on municipal water and sewer, both billed back to residents, creating an efficient utility structure. Situated on 7.71 acres with asphalt roads and a high percentage of tenant-owned homes, the community benefits from reduced capital expenditure requirements and streamlined long-term operations. Generating $748,752 in annual revenue and an in-place NOI of $357,294, Eastgate provides a strong financial foundation with multiple avenues for growth across the residential and retail components. Underwritten projections highlight NOI increasing to $534,929 in Year 1 and approaching $600,000 by Year 2, driven by rent alignment, continued utility reimbursement, and ongoing operational refinement. The inclusion of the retail building enhances diversification and supports long-term income stability. With its below-market rents, stabilized occupancy, and strategic Fort Worth location, Eastgate MHP represents a compelling opportunity to acquire a well-performing asset with clear pathways to value creation and long-term performance.

Investment Highlights

• 94% stabilized occupancy, reflecting strong in-place demand
• Significant lot rent upside, with current average rents $150+/M below-market compared to neighboring communities
• Revenue can be increased by filling the six vacant park owned homes in the community
• The property presents an opportunity for a buyer to achieve immediate scale in one of the fastest growing markets in the nation
• 4400 sq ft commercial building included with the property, currently only 59% of the rentable square feet is rented out with the smallest unit being used as an office for the MHP