RV Park/Campground Details
- Cap Rate: 13.0%
- Listing ID: 3729677
- Posted On: Sep 26, 2023
- Updated On: Jul 22, 2024
Description
Just 15 Minutes south of Dublin, Texas, directly across from Lake Proctor and Highway 2861, is a fully occupied RV park with room for growth. Established in 2019, this 6-pad RV park has consistently experienced growth in the park's net income for each year of its operation. Each pad site is between 10-12 ft wide, 50 ft long, is on crushed gravel, and has a 30-50 amp hookup. Amenities include laundry ($3 per load), charcoal grills, picnic tables, additional parking for vehicles, and wifi. Conveniently enough, next door is a convenience store & bait shop, and across the street is the entrance to Copperas Creek Park that takes you to Lake Proctor. As RV parks continue to become an increasingly popular real estate investment, here is an opportunity to dip your toes in and test the waters. Already established, sound returns, low maintenance, easy to manage, all for just $175K.
Save on your offer price. I will act as an intermediary and represent you as a buyer's agent for 0% commission.
Location
Highway 2861, directly across from the entrance of Copperas Creek State Park
Amenities
- Laundromat
- Wifi
Park Information
Number of RV Lots: | 6 |
Year Built: | 2019 |
Average RV Lot Rent: | $460 |
Size: | 0.5 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $36,876 |
Operating Expense: | $12,000 |
Net Operating Income: | $24,876 |
Expense Ratio: | 32.5 % |
Utility Information
Water: | City |
Sewer: | Septic |