RV Park/Campground Details

  • Purchase Method: Cash
  • Cap Rate: 14.0%
  • Listing ID: 414341
  • Posted On: Nov 14, 2013
  • Updated On: Nov 19, 2014

Description

70 space low maintenance park ideally located in the eagle ford shale oilfield. 58 RV sites renting for $350/mo + electricity and 12 fully furnished units renting for $1000/mo. All utilities are provided by the City of Cuero. Other services include wi-fi, Direct TV and coin op laundry.
A new 1200 sf community building offers office space, showers, restrooms and a TV viewing area. This park features privacy fence, security cameras, wide driveways and individually metered electric service.
Current financial information is based upon Jan - Oct 2013 performance. 2014 promises higher occupancy do to a 50% increase in recent pipeline permits and continued drilling in Dewitt county. Forecasts and additional information available upon request. Partnership dispute forces sale.10% of expense ratio reflects on site management expense.

Amenities

  • Laundromat
  • Club House
  • Manager Office
  • Bathhouse
  • Wifi
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Park Information

Number of RV Lots: 70
Year Built: 2011
Average RV Lot Rent: $350
Size: 4.8 acre(s)

Financial Information

Gross Income: $279,000
Operating Expense: $111,000
Net Operating Income: $168,000
Expense Ratio: 39.8 %

Utility Information

Water: City
Sewer: City

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