RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.8%
- Listing ID: 1180843
- Posted On: Jan 19, 2020
- Updated On: Nov 19, 2020
Description
UPDATE: Nearing full capacity after a summer of steady growth!
Expandability: Room for 6 more pads--please call for more info.
If you are looking for some great passive income, without having to put in a lot of time and effort into repairs or optimization, AND still have the option for some value add, then this is the one for you! This 27 pad RV park was built from the ground up in 2019, with concrete pads, and metal coverings for shade and protection. The park is serviced by its own TCEQ managed well (brand new), with a new septic system. There are also two commercial buildings with a total of 4 rental spaces (all occupied). Total of 31 rental spaces (27 pads and 4 commercial rental spaces).
Financing: Call for a lender referral who will lend on this.
* T12, Rent Roll, and other financial info available upon request.
** Financials are based on actuals (for the past 12 months), as well as proforma gross income with proforma expenses based on observed operating expenses.
Location
About 6 miles north of the intersection of FM730 and 199
Amenities
- Laundromat
- Club House
- Storage
- Bathhouse
- Wifi
Park Information
Number of RV Lots: | 27 |
Year Built: | 2019 |
Average RV Lot Rent: | $500 |
Size: | 2.8 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $174,000 |
Operating Expense: | $56,377 |
Net Operating Income: | $117,623 |
Expense Ratio: | 32.4 % |
Utility Information
Water: | Well |
Sewer: | Septic |