RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Cap Rate: 6.6%
- Listing ID: 615413
- Posted On: Jan 11, 2016
- Updated On: Feb 12, 2018
Description
LoneStar RV Park features 4 acres of beautiful oak trees, and a 1.5 acre pond, stocked with bass and catfish. The park has tremendous potential, offering 1.5 acres of undeveloped land, that could easily accommodate an additional 10 spots. Currently, the park has 5 park owned pads, 1 fenced in RV spot over looking the pond, and 2 park owned garages, all being rented. The park is self sufficient, boasting 2 water wells for domestic and irrigation, city trash, and Tennant paid electric. Please call Ashleigh (361) 813-5369 for more information.
The property is located off of HWY 35, and Dehausa Street. The acreage consist of 4 individual lots, with 4 individual addresses, 1808,1810,1816, and 1904 Lone Star Rd.
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
Number of RV Lots: | 7 |
Average RV Lot Rent: | $350 |
Development Land: | This is land for developing a RV park. |
Financial Information (Pro Forma)
Gross Income: | $54,960 |
Operating Expense: | $9,635 |
Net Operating Income: | $45,315 |
Expense Ratio: | 17.5 % |
Utility Information
Water: | Well |