Greenbriar Oaks

Tyler, Texas

Property overview

Tyler is an economic hub in northeast Texas and the Rose Capital of the United States. Tyler is known as the “Rose Capital of America” (also the “Rose City” and, less commonly, the “Rose Capital of the World”), a nickname it gained from a long history of rose production, rose cultivation, and the large quantity of roses processed throughout the area. Tyler is home to the largest rose garden in the United States, a 14-acre public garden complex that boasts over 38,000 rose bushes of at least 500 different varieties.

Greenbriar Oaks is a 3-star all age community originally developed in 1971 and consists of 100 sites. There are currently 25 sites paying lot rent along with 63 fully developed vacant sites ready for new homes and an office. There are also 11 park owned homes of which 3 have rent paying occupants and 1 is an employee park owned home. 6 of the inventory homes are undergoing renovations and 1 is in good condition.

An investor who has the ability to bring in new homes will benefit from the shortage of affordable housing in Tyler along with the tremendous upside in value these new homes will create.

Greenbriar Oaks
6331 Greenbriar Road
Tyler, Texas 75704

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Property Summary

Developed Sites100
Year Constructed1971
Land (Acres) +14.62
Occupied Sites29
Vacant Sites71
Occupancy29%
Average Rent/Site$236
PRIMARY USEMHP
SECONDARY USEAll Age
STAR CLASSIFICATION3
WATERMunicipal
SEWERMunicipal

OFFERING SUMMARY

Community Price$1,485,000
Total Investment$1,485,000
Price per Site$14,850
Price Occupied per Site$51,207