Contact Information
Ed Parrish
RV Park/Campground Details
- Price: $875,000
- Purchase Method: Cash, New Loan
- Cap Rate: 8.9%
- Listing ID: 6683819
- Posted On: Aug 5, 2024
- Updated On: Nov 19, 2024
Description
This property is in a growing area of East Texas that is surrounded by nature and near some of the most popular lakes in the state for fishing and recreation. Located approximately 100 miles from the Dallas area, this location is a favorite for weekenders, retirees, and increasingly, families that want to escape the hustle and bustle of the Metroplex.
This property has a mix of RV spots and cabins, with many of both having long term tenants. There are 6 park owned cabins and 1 RV. The cabins rent for an average of $900-$950/ Month. There is also a large shop and a laundry facility with a bathroom and shower. There is plenty of room for growth, and there are at least 13 additional spots cleared and ready to develop. The park is located in an unrestricted area, giving you many options for future development. The owner is continuing to improve the property, so adding capacity will be easy.
The owner has decided to divide the property so that the land adjacent to the park will be separate. The survey will be completed when the park is under contract. The adjacent land can be purchased at an additional cost, to be negotiated at the time of sale.
Location
The property is conveniently located in Mount Vernon, Texas on county road 4105, 1.4 miles south of I-30 at exit 147, just east of the Dukes Truck Stop. The park consists of 5 +/- acres of beautifully treed land and it's within minutes of the tri-lake area of Lake Bob Sandlin, Cypress Springs lake and Lake Fork. There is additional property available if a buyer would be interested. We’re located just minutes away from historic Mount Vernon and only 17 miles from Mount Pleasant.
Amenities
- Laundromat
- Manager Office
- Bathhouse
- Wifi
Park Information
Number of RV Lots: | 17 |
Year Built: | 2020 |
Size: | 5.0 acre(s) |
Financial Information (Actual)
Gross Income: | $111,107 |
Operating Expense: | $32,568 |
Net Operating Income: | $78,538 |
Expense Ratio: | 29.3 % |
Utility Information
Water: | City |
Sewer: | Septic |