This 53 Unit (after recent expansion) RV park just a few minutes from I-35 and Airline Rd that has a Loves Truck Stop and a small Casino. This Cash Flow opportunity features 53 Hookups on Rural Water, Laundry Building, Office with Bathrooms and Public Showers with a Dog Park and Children's playground on a well cared for, freshly graveled yearly grounds. Well lit with almost 11 acres and the ability to expand further. 3 RVs owned by park currently rented, fantastic manager in place. In an Opportunity Zone.
Investment Highlights
Opportunity Zone
4 Full Bathrooms with Showers
Cash Flow
High Traffic
Laundry Building
Tornado Shelters
Park Manager In Place
Fresh Gravel
One Water Meter for Entire Park
New Sewer Lagoon
Recent Expansion
Property Type
Multifamily
Subtype
RV Park
Investment Type
Value Add
Investment Sub Type
RV PARK-MULTI FAMILY
Class
B
Cap Rate
7.74%
Pro-Forma Cap Rate
20.87%
Occupancy
35%
NOI
$82,826
Pro-Forma NOI
$223,346
Units
53
Stories
1
Price/Unit
$20,188.68