RV Park/Campground Details
- Purchase Method: Cash
- Cap Rate: 10.4%
- Listing ID: 609389
- Posted On: Dec 14, 2015
- Updated On: Sep 26, 2016
Description
A visit to Raintree RV Park will bring you back to nature with our two ponds, abundant with fish, and array of Coastal birds. Located on the Southwest city limits of Rockport and one block off the State Highway 35 bypass we are close to Rockport beach and fishing. There is much to see and do in the surrounding area from birding to site seeing to swimming or fishing or just plain relaxing. Not far from Corpus Christi, this area draws artists, nature lovers and commercial and sport fishing. Rockport and Fulton are known as the Charm of the Texas Coast. This park is Rockport’s best kept secret.
There are approximately 68 RV full hookup lots, 4 RV Water/Electric Lots, 6 park models, 1 RV rental, 1 apartment, 2 homes plus an owner's residence; approximately 82 sites and rental units plus owner's residence. There is a clubhouse, maintenance area, office/store, propane selling station by weight, laundry, bath house, storage units, and a fish cleaning station.
This property will be sold "as is", "where is", and "with all faults" . If interested please send an email with your contact information etc to yogiub@hotmail.com.
Substantial investment has been made to this park in the past several months.
9/5/16: While low occupancy for Sept-Oct, park is on its way back up with new ownership since Dec 2015 and management since 9/1/15. Because no tax returns are available, only qualified buyers are full price non-bank financed cash buyers; in the absence of a contract, the park will be taken off the market 9/21/16.
THANK YOU..
Amenities
- Laundromat
- Club House
- Storage
- Manager Office
- Bathhouse
- Store
- Wifi
Park Information
Number of RV Lots: | 70 |
Year Built: | 1985 |
Average RV Lot Rent: | $325 |
Size: | 7.8 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $403,560 |
Operating Expense: | $268,450 |
Net Operating Income: | $135,110 |
Expense Ratio: | 66.5 % |