RV Park/Campground Details
- Purchase Method: Seller Financing, Assumable Loan
- Cap Rate: 25.0%
- Listing ID: 510824
- Posted On: Feb 26, 2015
- Updated On: Aug 31, 2015
Description
OWNER WILL FINANCE. This RV Park sits on 32 acres of land, has a large brick 4/2/2 ranch house with pond. The RV section consists of 23-owned RVs, 12 pull-in spaces for RVs, 8 overflow RV spaces and 10 duplex cabins. The entire property is served by full three-phase power, has spare septic capacity, and features a state certified public water plant system.
Owner will fiance: Basic terms below, very flexible.
- Only $200,000 down
- $10,000 note still has to be paid and buyer puts a personal guarantee on loan
- $15,000 monthly installment to sellers over 24 months (negotiable price/term)
- Seller carries balance at the end of term on a note, payable in a variety of ways, very negotiable
The RV park sits on US 83 right outside Carrizo Springs and 9 miles South of Crystal City in the Eagleford Shale area.
Amenities
- Laundromat
- Manager Office
- Wifi
Park Information
Number of RV Lots: | 54 |
Year Built: | 213 |
Average RV Lot Rent: | $450 |
Size: | 32.0 acre(s) |
Financial Information (Actual)
Gross Income: | $340,000 |
Operating Expense: | $100,000 |
Net Operating Income: | $240,000 |
Expense Ratio: | 29.4 % |