Contact Information

RV Park/Campground Details

  • Price: $7,100,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Listing ID: 4612067
  • Posted On: Mar 6, 2024
  • Updated On: Mar 13, 2024

Description

Very attractive 17 acre RV and cabin property nestled in the desirable Kerrville, TX market of the Texas Hill Country. Actual 2023 income was $770,000 and 12 new spaces are under construction to achieve proforma income of $870,000. Triple T includes RV sites, Cabins, Apartments, and Outside Storage combined for a total of 100 units today. The mobile homes shown on the survey have been removed to make room for new RV sites, 12 of which are under construction, and there is room for more. For the years 2021-2023, vacancy has ranged from 11-14% across all unit types. RVs and Cabins pay per kWh for electric. Property is within Headwaters Groundwater Conservation District and has water rights in addition to its land area for a total of 28.14 acres. All units/buildings have water meters to monitor consumption. Cabins are extremely well-built, SIP foam wall construction. On-site manager handles the day-to-day operation.

Location

Located in the scenic Texas Hill Country area, approximately 8 miles south of Kerrville, TX on Bandera Highway / SH-173. The property includes approximately 17.44 acres of land, with water rights for a total of 28.14 acres.

Amenities

  • Laundromat
  • Pool
  • Club House
  • Manager Office
  • Wifi
  • Fitness Center
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Park Information

Number of RV Lots: 112
Year Built: 2015
Average RV Lot Rent: $550
Size: 17.4 acre(s)

Financial Information (Pro Forma)

Gross Income: $870,000
Operating Expense: $377,000
Net Operating Income: $493,000
Expense Ratio: 43.3 %

Utility Information

Water: Well
Sewer: Septic

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