Contact Information
RV Park/Campground Details
- Price: $1,200,000
- Purchase Method: Cash, New Loan
- Cap Rate: 7.1%
- Listing ID: 6687925
- Posted On: Aug 12, 2024
- Updated On: Aug 18, 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
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: | $144,120 |
Operating Expense: | $58,433 |
Net Operating Income: | $85,687 |
Expense Ratio: | 40.5 % |
Utility Information
Water: | City |
Sewer: | Septic |