RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 3.5%
- Listing ID: 1651527
- Posted On: Apr 21, 2022
- Updated On: Nov 3, 2022
Description
Currently a total of 106 Full hook up sites and 10 storage sites located on Interstate 20, between Fort Worth and Abilene, in an opportunity zone.
Wandering Oaks has been opening in phases since September 1, 2020
Completed - 61 full hookup sites with 30/50 amp electric and Wi-Fi, crushed limestone roads and pads, small managers residence, office with 2 bathrooms and a small store, bathhouse with 4 private bathrooms, a laundry room with 4 coin-operated washers and 4 coin-operated dryers, fenced in dog run, all completed in September of 2020
Completed - 45 full hookup sites 30/50 amp electric and Wi-Fi internet with crushed limestone roads and pads and a beautiful nature trail opening May 2022
Paid for - community pool - coming June 2022
In Planning stages - room to add 40 to 60 sites and 10 more storage sites and a 2nd bathhouse
Approximately 32 acres, at least 12 acres ready to add more sites.
Current owners have and are currently enhancing the features of this park, but there is still awesome opportunities to add more value.
Area Attractions Include: Lake Leon, a 38,000-acre-foot lake with great fishing, located seven miles southeast of Eastland; and Eastland Lake, a 100-acre lake northwest of downtown, golf courses, numerous parks, museums, etc.
Listing agent is related to one of the members of the LLC, that owns and operates this park.
Location
Located right of a convenient I-20 Exit just west of Ft. Worth Texas
Amenities
- Laundromat
- Pool
- Storage
- Manager Office
- Bathhouse
- Store
- Wifi
Park Information
Number of RV Lots: | 106 |
Year Built: | 2021 |
Average RV Lot Rent: | $450 |
Size: | 32.0 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $329,490 |
Operating Expense: | $207,500 |
Net Operating Income: | $121,990 |
Expense Ratio: | 63.0 % |
Debt Info: | 2023 Estimated income at 50% Occupancy 106 current sies |
Utility Information
Water: | City |
Sewer: | City |