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 |