Panoramic Hills RV Park
Fantastic investment opportunity in one of the hottest and fastest growing real estate markets in the country over the past several years, with projections for that to only continue. Massive growth is occurring in this north Lake Travis and NW Austin metro area in particular. Austin ranks among US cities where rents are increasing and housing affordability is decreasing the fastest, making RV Parks an increasingly popular commodity to investors.

Incredible upside and value-add potential with the property's location and having many long-term tenants at below market rates. There has been no paid marketing done for this property for many years, and still the seller gets at least 5-10 calls from prospective tenants each week. Room for some expansion/additional lots.

Other property features include hill country views and oversized lots with many trees, offering great privacy to tenants. Tucked away just off of Ranch Rd 1431 with easy access to massive growth Austin metro cities Cedar Park and Leander just to the east as well as Lago Vista just west. Panoramic Hills RV park is walking distance to 32 acre Jones Brothers Park on Lake Travis, a key area amenity including 3 public boat ramps, covered individual picnic sites, ball fields, sand volleyball court, tennis/ basketball court, walking paths and a playscape. This nearby park also offers a lengthy shoreline for those wishing to swim or spend the day fishing.

Attached Pro Forma financials are based on the property's potential by increasing current occupied lots from undermarket rents to market at $650 monthly and renting 4 lots currently not being utilized out of the 27 total with hookups. Those 4 including the office lot (occupied by a motorhome to be removed by seller), the park caretaker's lot who is currently receiving free rent to help with lawn care and maintenance, one lot where the seller is storing personal property (to be removed by seller), and one unoccupied lot that has been left open for guests of the residents. Owner pays Electric, Water, and Trash for residents.

Cash buyers preferred please. No survey available, buyer to purchase survey.

***Please do not disturb the tenants if you visit the RV Park***