Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground

RV Park/Campground Details

  • Listing ID: 446118
  • Posted On: May 30, 2014
  • Updated On: Jan 12, 2015

Description

• Price reduced - High cash on cash return.
• To view our other RV Park listings, please visit http://listings.arausa.com/?goOffice=34
• 1270 RV Ranch is a newly constructed, stabilized RV park with an outstanding location in the rapid growth market of Midland, TX.
• Recent completion of 27 additional sites to bring the total site count to 118. Tremendous opportunity to purchase the community at an attractive basis and fill the additional sites to increase the already robust cash flow.
• Strong (projected high double digit) year one total returns.
• Diversified tenant mix with the majority being long-term residents, some snow bird tenants, and some transient tenants.
• Ability to implement daily rates and attract more transient tenants staying at the park to take advantage of the close proximity to Interstate 20.
• The majority of tenants are long-term residents that allow the park to maintain high occupancy and stable cash flows.
• The community features an attractive office with a laundry facility as well as clean restrooms and showers available for use from 5 A.M. to 10 P.M.
• Recently completed storage units available for rent to tenants.
• Security cameras are installed throughout the park to monitor activity.
• All sites equipped with both 30 and 50 amp service and WiFi is available to residents.

Location

• 1270 RV Ranch offers an outstanding location in the heart of the Permian Basin, 10 minutes from both Midland and Odessa, TX.
• Tremendous oil and gas production in the area has led to explosive population and economic growth in the area and is expected to continue for many years.
• According to USA Today, Midland and Odessa are ranked #1 and #2 respectively in a list of the fastest growing economies in the nation. Both cities boast an impressive unemployment rate and the staggering population growth has left a shortage of housing in the region.
• The community is situated just off Interstate 20, which provides quick access to employers throughout the Permian Basin and convenience for vacation travelers passing through the area.
• Close Proximity to the Midland International Airport with direct flights to Dallas, Houston, Las Vegas, and Denver.

Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 118
Year Built: 2012
Size: 11.9 acre(s)

Utility Information

Water: Well
Sewer: Septic

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