RV Park/Campground Details

  • Purchase Method: Seller Financing
  • Cap Rate: 8.0%
  • Listing ID: 1600233
  • Posted On: Feb 8, 2022
  • Updated On: Mar 23, 2022

Description

Marcus & Millichap is pleased to present Center RV Park a 69-space RV park in Center, Texas.​ The Park is located just off State Highway 7 East.​ It is conveniently located less than two miles away from the largest employers in Center, Tyson Food, Inc.​ This property is a strong value-add opportunity with a lot of upside for new owner.​ Electricity is submetered, but is currently included in rent.​ This provides an opportunity for upside, by recapturing the cost of electricity.​ Currently the park is not being advertised sufficiently.​ The buyer can increase marketing to fill up vacancies.​ There are currently six mobile home units at the park.​ Two of them have recently been renovated and one needs to be demolished.​ The park has limited financials and is being offered at $17,391 per space.​ The park will be granted an easement through the retail business to access the park.​ Additional due diligence documents can be provided upon request.​

Amenities

  • Wifi
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Park Information

Number of RV Lots: 69
Year Built: 2010
Average RV Lot Rent: $450
Size: 12.2 acre(s)

Financial Information (Pro Forma)

Gross Income: $192,600
Operating Expense: $96,549
Net Operating Income: $96,051
Expense Ratio: 50.1 %

Utility Information

Water: City
Sewer: City

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