Contact Information

RV Park/Campground Details

  • Price: $825,000
  • Cap Rate: 6.7%
  • Listing ID: 6694556
  • Posted On: Aug 13, 2024
  • Updated On: Nov 15, 2024

Description

Property Details
•48 Full Hook-up RV spaces with 30/50 amp electric
31 of the 48 pads were recently installed and are separately metered

1- 1700sf Stick built house, 3 bed, 1.5 bath
A long-term onsite manager lives in the stick built home. Manager takes care of mowing and maintenance.

1- 16x30 building

-Onsite office
-Free WiFi
-Security Cameras
-Fenced property
-Pet-Friendly
-Lots of shade
-Longterm residents
-Over 400 ft of highway frontage and over 300 ft of county road frontage
-Utilities included in rent
-31 newly added spaces have separate meters

Seller financing available

Value Add Opportunity
-Raise rents to local competitor pricing
-Bill back electric to the 31 new spaces
-Advertise park to increase occupancy
-Build a laundry facility by running utilities to the 16x30 building

Location

- Located in Franklin County, Texas

Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 49
Year Built: 2009
Size: 5.1 acre(s)

Financial Information (Actual)

Gross Income: $306,000
Operating Expense: $47,800
Net Operating Income: $54,987
Expense Ratio: 15.6 %

Utility Information

Water: City
Sewer: Septic

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