RV Park/Campground Details
- Purchase Method: Cash
- Cap Rate: 13.0%
- Listing ID: 582133
- Posted On: Nov 30, 2015
- Updated On: Mar 5, 2016
Description
Reba's Rock N Rose is a 96-site RV park located in Three Rivers, Texas at the northwest corner of IH-37 and TX-72. The development has excellent access and exposure with highway frontage.
Investment Highlights:
+ 96 RV Sites, 4 Cabins and 6 Apartment Units
+ $500-$550 RV Rents; $1,100-$1,300 Apartment and Cabin Rents
+ Amenities include laundry and shower facilities
+ In-place occupancy is below market, posing for significant upside potential
+ Private water and sewer
+ Highly visible location with highway frontage, resulting in a variety of other commercial uses, notably retail
Amenities
- Laundromat
- Bathhouse
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Park Information
Number of RV Lots: | 96 |
Year Built: | 2012 |
Average RV Lot Rent: | $525 |
Size: | 8.5 acre(s) |