RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 1192209
- Posted On: Feb 19, 2020
- Updated On: Feb 20, 2020
Description
Very well established RV Park north of DFW. 99% occupancy with primarily extended stay campers but many overnight and weekly campers too.
Price includes a newly built 270e sq ft executive home/office, 102 RV sites with 30/50 amp , a large community building that houses the laundromat and park restrooms, an historic 6-stall pole barn for equipment, a propane filling station, a pool, an old cabin shell ready to be converted to a cabin, a herd of 10 alpacas and their guardian dogs, and a new air conditioned alpaca barn. The alpacas are a big attraction here!
To add to the sweetness of this investment, we are also offering the 9+ acres of land right next door for expansion opportunity. It can be purchased at a separate closing for an additional $700,000. There is a beautifully remodeled 1700 sq ft home on the back of the property. We have planted 40 live oak/Crepe Myrtle/Red Oak trees and submitted a plan to Denton county for 58 large RV sites for building approval. You can use our plans and begin expansion immediately (contractors are lined up) or resubmit if you want to use the land differently. Once completed, these sites should fill up immediately. Demand for RV sites in this area is very high.
Gross Income 2019 $785k
Expenses 2019 $237k
Net Income $548k
10% cap
Marketing package including financials can be requested via email janetwoolston@hotmail.com or by text 940-703-0341. This park is For Sale By Owners, Ken and Janet Woolston. Priority will be given to folks interested in owner-operation, interested in Alpaca attraction, and closing date prior to May 1.
This park is one of the premier properties in Denton County! We are known for our great big sites, shade trees and our lovely alpaca herd. Our website is www.wagonmasterrv.com
Location
Located one mile off I35, approximately 10 miles north of Denton Texas.
Amenities
- Laundromat
- Pool
- Club House
- Manager Office
- Bathhouse
- Store
- Wifi
Park Information
Number of RV Lots: | 102 |
Year Built: | 2001 |
Average RV Lot Rent: | $500 |
Size: | 21.0 acre(s) |
Financial Information (Actual)
Gross Income: | $785,000 |
Operating Expense: | $237,000 |
Net Operating Income: | $548,000 |
Expense Ratio: | 30.2 % |
Utility Information
Water: | City |
Sewer: | Septic |