RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 11.0%
- Listing ID: 419617
- Posted On: Dec 30, 2013
- Updated On: Dec 21, 2015
Description
The owner has built up this park into a cash flowing machine! He's ready to retire so is offering great terms on financing.
Property includes 14.95 acres (including Highway frontage on Hwy 288), 4-2-2 rental home on separate well/septic (also serves as backup well for park), 3-2 mobile home with 1/3 used for park office, other side rented to monthly tenant. Great on-site part-time mgr. who will stay on to help with transition (owner would prefer you keep him, he's awesome!) and all development and maintenance records.
Local chemical companies have been calling to reserve any open spaces. This park is always 95 - 100% occupied. Highway frontage could also be leased off for additional income. City sewer is now available next door so could be expanded in order to add even more spaces.
832-472-6902 or email balopezATmac.com for more info.
Amenities
- Laundromat
- Manager Office
- Wifi
Park Information
Number of RV Lots: | 78 |
Year Built: | 2003 |
Average RV Lot Rent: | $350 |
Size: | 15.0 acre(s) |
Financial Information (Actual)
Gross Income: | $372,000 |
Operating Expense: | $106,000 |
Net Operating Income: | $265 |
Expense Ratio: | 28.5 % |
Utility Information
Water: | Well |
Sewer: | Septic |