RV Park/Campground Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 13.0%
- Listing ID: 102823
- Posted On: Nov 27, 2015
- Updated On: Mar 1, 2016
Description
OWNER FINANCING......RV / MH Park. This is a year round park for contractors working on construction projects and turnaround work associated with the large number of refineries in the area. It is not for vacationers.
Has 32 Spaces on approx. 6 acres, all have 50 amp underground electrical service except for MHs which has 200 amp service.
Includes 3/2 28x42 MH w/large carport, 5-2/1 12x38 Park Models, 4Br/2Ba house w/ large carport, 1-24x40 covered work area, 1-24x36 RV port, 2-storage buildings, 3-Commercial size aerobic (not septic) systems, 3 water wells, well lighted, w/security cameras, Gravely ZTR mower.
Occupancy rate now at 96%, varies from approx. 80 to 100% depending on refinery turnarounds/expansion. RV spaces have concrete patio areas, roads are gravel. frontage on N Twin City Hwy (SH 347N) which is a high traffic count commuter route.
Location
3400 N. Twin City Hwy (State Hwy 347N), Nederland, TX 77627. This is a high traffic count commuter route within 5 to 20 miles of some of the largest refineries and petrochemical plants in the US and within 2 miles of the Sabine Neches Ship Channel which is 4th busiest in the US, serving the Ports of
Beaumont and Port Arthur.
Amenities
- Manager Office
- Wifi
Park Information
| Number of RV Lots: | 32 |
| Year Built: | 1990 |
| Average RV Lot Rent: | $375 |
| Size: | 6.0 acre(s) |
Financial Information (Actual)
| Gross Income: | $154,000 |
| Operating Expense: | $50,000 |
| Net Operating Income: | $104,000 |
| Expense Ratio: | 32.5 % |
| Debt Info: | 20% Down, terms negeo. |
Utility Information
| Water: | Well |
| Sewer: | Treatment Plant |