RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.5%
- Listing ID: 549316
- Posted On: Jul 21, 2015
- Updated On: Dec 7, 2015
Description
10 new spaces just added! Owner plans to add 25 more spaces for 100 total spaces! Incredible demand in the area is driving rents up and pre-leasing of spaces being built.
Multiple income streams and tons of room to grow! RV Park, Flea Market, rental Cabins. Property consists of two tracts: a 33.5504 acre tract & a 1.15 acre tract for a total of 34.71 acres. The property is on the West Side of Hwy - 59 and has approximately 768 feet of Hwy frontage. The Flea Market is 100% occupied by vendors. Property also includes 5 rental homes/cabins; 4 rented at $500/mth, 1 double wide mobile home being used as the Manager's residence.
9 steel buildings having various sized vendor units, that are leased on a month to month basis . Buildings consist of approx. 50,331 sf. of enclosed steel buildings and 8,790 sf of covered patio areas throughout the shopping arcade.
Located on US Hwy 59 S in Cleveland, just north of Houston and minutes from the new Grand Texas Amusement Park being built.
Owner financing with $1.2mm down and flexible terms. Owner is ready to retire, bring all offers - highly motivated!
Amenities
- Manager Office
Park Information
Number of RV Lots: | 75 |
Year Built: | 2008 |
Average RV Lot Rent: | $375 |
Size: | 34.0 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $391,800 |
Operating Expense: | $78,000 |
Net Operating Income: | $313,800 |
Expense Ratio: | 19.9 % |
Utility Information
Water: | Well |
Sewer: | Septic |