RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 19.1%
  • Listing ID: 454955
  • Posted On: Jun 9, 2014
  • Updated On: Jun 14, 2015

Description

Over a 19% Cap Rate??? Yes!! Huge Price Reduction! 52 RV Spaces, fully occupied with a large waiting list, this turn-key business is generating a Capitalization Rate of over 19%. Genuine cash cow; Listing Agent can provide all financials to qualified buyer. Superb location on a major US Highway thoroughfare in West Texas with great access. All sites are “pull-through” and spacious with 50/ 30/ 20 amp service. Built in 2013, so recent and modern infrastructure. Situated on 20 acres, the park is well designed currently using a total of 8 acres, leaving 12 undeveloped acres for expansion with good road frontage. Future plans to expand, and can easily handle expansion of 75-100 additional RV sites. TCEQ compliant with city water and properly designed and engineered septic system. Additional amenities include site-built office, laundry facilities, bathrooms with showers, security camera system, great website with good search engine optimization and recognition, expanded cable television service, good wi-fi internet coverage, on-site RV technician, and on-site manager. Rare opportunity to own a real, established cash-cow with exceptional potential to expand for $1,099,000.

Amenities

  • Laundromat
  • Manager Office
  • Bathhouse
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 52
Year Built: 2013
Size: 20.0 acre(s)

Financial Information (Actual)

Gross Income: $0

Utility Information

Water: City
Sewer: Septic

Similar RV Parks for Sale