RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.3%
- Listing ID: 2158448
- Posted On: Mar 12, 2023
- Updated On: Jan 31, 2024
Description
PRICE REDUCED!!
Travis Turner, Broker & Owner of Turn Key Property Group, is pleased to present exclusively for sale Midland area RV Park located in the Permian Basin in Midland County, TX. This 65 +/- site RV park experiences year 'round high occupancy and is being offered for sale at a day one cap rate of 11.28 based on 2022 actual financials. Inclusive of sale and bordering the frontage of the property is a 3/2 managers' home with office & laundry facility on site. All sites are individually metered with full service 30/50 AMP hook up and septic. Seller says "Simple with a high occupancy rate". Laundry facility on-site for residents as well. park can hold SUPER C, and big class A.
Dollar General is only 1 minute away, Walmart is less than 10 minutes away, all other grocery markets and restaurants, doctors offices are within 15 minutes.
Currently managed by owner. Contact listing broker directly to schedule a showing. Showings by appointment only. DO NOT DISTURB, confidential in nature.
Amenities
- Laundromat
- Manager Office
- Wifi
Park Information
Number of RV Lots: | 65 |
Average RV Lot Rent: | $550 |
Size: | 3.9 acre(s) |
Utility Information
Water: | Well |
Sewer: | Septic |