RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 1192215
- Posted On: Feb 19, 2020
- Updated On: May 18, 2020
Description
Update:
Park sale is Pending.
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 GORGEOUS 2700 sq ft executive home/office, 102 RV sites with 30/50 amp , a large community building that houses the laundromat, mail center 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 alpacas and their guardian dogs, and a new air conditioned alpaca barn. (The alpacas are a big attraction here!)
To add to this investment, we are also offering the 9+ acres of land west for expansion opportunity. It can be purchased at a separate closing for an additional $750,000. There is a beautifully remodeled 1700 sq ft home on the back of the property. We have submitted a plan to Denton county for RV sites for building approval. You can use our engineered 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. Home can be used as a rental on vrbo or Air b&b since rentals in this area are difficult to find. 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 closing date on or before May 1.
This park is one of the premier RV Parks in Denton County! We are known for our great big sites, shade trees and our lovely alpaca herd. Our website is www.wagonmasterrv.com. There are many pictures on our facebook and instagram pages as well.
Location
Located one mile off I35, approximately 10 miles north of Denton Texas.
Amenities
- Laundromat
- Pool
- Club House
- Manager Office
- Bathhouse
- Store
- Wifi
- Fitness Center
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 |