Lofty 2301 Private Rd 7320

14 Unit Mobile Home Park in Lubbock, TX.

Offering Details

• Austin Hughes, with Thunder Sun Homes, is transferring his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
• Tokens represent direct ownership in the LLC that owns the property. Austin will maintain at least 10% ownership in the LLC indefinitely.
• View proof of Austin's ownership prior to the title transfer here. View the LLC documents here.

Property Details

• Experience stable cash flow with this 14 unit mobile home park, a prime investment opportunity in Lubbock, TX. Positioned in a high-demand rental market, this property offers strong cash flow potential, minimal overhead, and long-term appreciation for investors looking to expand beyond single-family rentals.
• Property Highlights:
  • Unit Mix: 14 mobile home units providing stable rental income.
  • Rental Setup: Residents own and maintain their own homes, we just provide the lots for them to stay on.
  • Occupancy & Rent Growth: Consistently high occupancy with room for rent increases. (Multiple renewals have been getting signed at $50 increase from prior.)
  • Path of Progress: This park is located in the path of progress for Lubbock. Lots of new development is happening all around, and the value of land is skyrocketing.
• Why Invest in a Mobile Home Park?
  • Investing in mobile home parks offers distinct advantages over traditional multifamily properties:
  • Lower Operating Costs: Tenants often own their units, reducing maintenance expenses.
  • High Demand: Affordable housing remains a top priority, ensuring strong occupancy.
  • Stable Income Stream: Multiple units provide diversified cash flow and reduced vacancy risks. It is significantly more costly for a resident to move their home than it is to pay their rent.
  • Scalability: A single investment gives you control over multiple rental units, enhancing long-term portfolio growth.
• Don't miss this chance to acquire a well-positioned mobile home park in Lubbock. Reach out today to learn more about this unique investment opportunity!
• Why Lubbock?
  • Lubbock is a market synonymous with economic resilience and steady growth:
  • Anchor Institutions: Home to Texas Tech University and a major medical hub for West Texas, Lubbock offers a consistent and diverse tenant pool.
  • Strong Fundamentals: A city built on agriculture, education, and healthcare, Lubbock provides investors with confidence in long-term market stability.
• Professional Management by Thunder Sun Homes
  • With a proven track record of managing over 580 rental units, Thunder Sun Homes brings expertise and a "treat people like gold" philosophy to property management. This commitment to excellence ensures high tenant satisfaction and retention, driving long-term value for investors.

More About the Seller

• Born in Lubbock, TX, and raised in Houston, Austin Hughes has always been driven by a passion for self-improvement and excellence, both in academics and sports. In 2012, Austin returned to Lubbock to attend Texas Tech University, where his dedication to real estate investing began to take shape. Studying real estate extensively outside the regular curriculum, he founded Thunder Sun Homes during his senior year in September 2015.
• Since its inception, Thunder Sun Homes has flourished under Austin's leadership. With over 100 properties flipped and a growing portfolio exceeding 500 rental units and notes receivable, the company has become a powerhouse in the real estate industry. As CEO, Austin oversees the financial operations, supported by a skilled team that includes an operations manager, construction project manager, marketing specialist, transaction coordinator, full property management team, and an acquisitions team.
• One of Thunder Sun Homes' greatest strengths is its versatility in handling various types of remodels and investment strategies. From flipping and renting to owner financing and vacation rentals, the company maximizes every investment opportunity. Austin firmly believes that having a multitude of options is key to holding power in the real estate market.
• In addition to his business achievements, Austin is dedicated to fostering a strong community of real estate investors locally. He does this through the monthly Lubbock REI Group that he hosts. This event offers education and networking opportunities, where Austin shares the strategies and tactics that have propelled him to success.
• Outside of real estate, Austin enjoys jiu jitsu, playing piano, and singing in the worship band at church. With a consistent weightlifting routine spanning 15 years and a competitive spirit in judo, having twice won bronze medals at the state championships, he brings the same dedication to his personal pursuits as he does to his professional ones. A passionate cook and food enthusiast, Austin approaches every challenge with zeal and determination, aiming to leave a lasting legacy.
• Join Austin Hughes and Thunder Sun Homes in transforming real estate investments into lucrative opportunities. With a proven track record and a dynamic approach, Austin is committed to helping investors achieve exceptional returns.

Property Management and Insurance

• Managed by the seller, Austin Hughes, with Thunder Sun Homes
• Property Management Agreement

Property Leverage

• This property has a loan balance of $226,646. View the loan documents here
• As the seller, Austin Hughes pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.

Occupancy Status

• 13/14 Lots Rented
• Rent Roll
• Lease Agreements
• 6 leases are currently being renewed and will be added to the Dropbox folder upon completion

Location Data

• "A" Rating for Zip Code on Niche

Due Diligence Documents

• Title Report
• Appraisal
• Environmental Report
• Operating Agreement
• View All Documents