RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Listing ID: 6687925
  • Posted On: Aug 12, 2024
  • Updated On: Nov 13, 2024

Description

Open Acres RV Park is an established RV community including two tiny homes and a mobile home located on Highway 199.

Website: https://www.openacresrvpark.com/

Property Information:
• 6.2 Acres with great expansion opportunity (add ~30 RV spaces for 50 total)
• Located in the Dallas-Fort Worth metroplex in the fast-growing town of Springtown, Texas (outside of city limits)
• Over 400 feet of frontage on Highway 199, which leads straight into downtown Fort Worth
• 20 RV Spaces with full hookups (electricity, water, sewer) – All long-term renters (monthly)
• 2 Tiny Homes (1 bed / 1 bath; 16 ft x 40 ft; 640 sq. ft.) with central heat and A/C; includes off-grid setup (connected to propane powered backup generator and heater that will power both tiny homes with heat and electricity for a week)
• 1 Mobile Home (1,190 sq. ft.)
• 1 Building for Office w/bathroom, Community Room and Laundry Room with A/C
• 1 Garden Shed (16 ft x 10 ft)
• TX-DOT approved paved entrance connected to highway
• Less than 6 miles to Springtown main square & shopping
• Utilities: Co-Op Water, County Electricity, Septic Systems

Location

The City of Springtown is a business-friendly community in Parker County, Texas, which is part of the Dallas/Fort Worth metropolitan statistical area. Its position just 20 miles northwest of Fort Worth in one of the fastest-growing counties (9.7% annual growth rate) in the DFW Metroplex provides a unique opportunity for prospective investors and developers. The state is currently expanding Highway 199 from Lake Worth, Texas due to high growth of Springtown. Recent entrants into Springtown, TX include Starbucks Coffee and Taco Bell.

Amenities

  • Laundromat
  • Storage
  • Manager Office
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 20
Year Built: 2018
Average RV Lot Rent: $500
Size: 6.2 acre(s)

Financial Information (Pro Forma)

Gross Income: $127,680
Operating Expense: $56,973
Net Operating Income: $70,743
Expense Ratio: 44.6 %

Utility Information

Water: City
Sewer: Septic

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