RV Park/Campground Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 10.0%
  • Listing ID: 1731920
  • Posted On: Aug 10, 2022
  • Updated On: Jan 22, 2023

Description

Steady steam of income, in an absolutely incredible location right off of interstate 20. Management is in place and at 75% occupancy currently. There are 67 lots, including 3 park owned cabins, 3 park owned apartments, and one park owned RV. Lots rent from $350-$375 per month plus electric. Each RV site has its own electric meter. A lot of the business comes from oil field workers but there is also a substantial amount of people who have been at the park year after year. Currently priced at an 8% cap but based on proforma numbers this is 16% cap rate.

Location

5 star location right off interstate 20 in Big Spring, Texas

Amenities

  • Manager Office
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 67
Year Built: 1960
Average RV Lot Rent: $375
Size: 4.5 acre(s)

Financial Information (Actual)

Gross Income: $235,896
Operating Expense: $123,840
Net Operating Income: $112,056
Expense Ratio: 52.5 %

Utility Information

Water: City
Sewer: Septic

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