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
Interested in purchasing this RV park? Get pre-qualified for a loan.

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

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