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RV Park/Campground Details

  • Price: $1,900,000
  • Purchase Method: Seller Financing, Assumable Loan
  • Listing ID: 6753470
  • Posted On: Oct 22, 2024
  • Updated On: Oct 22, 2024

Description

**BELOW MARKET RATE ASSUMABLE FINANCING AVAILABLE*

Deal Room Link: https://platform.reverecre.com/project/871d41f2-0435-4650-b3ee-acafad91e02f

Northmarq is pleased to present the San Antonio RV Portfolio, a 2-property RV park portfolio near San Antonio, Texas. Both properties, totaling 75 units, are located within the San Antonio MSA and consist predominately of long-term RV tenants, leaving minimal owner responsibility. Both properties, Vista RV Park and Quail Ridge RV Park, located in Floresville and Stockdale, TX, respectively, offer day-one cash yield while leaving significant upside for a new buyer to improve operations and increase occupancy. The attractive assumable debt across both properties, with below-market fixed interest, allows investors to acquire two high-quality, income-producing assets characterized by both stable cash flows and significant potential for value appreciation. Located along US-181 & US-87 respectively, tenants at Vista RV Park and Quail Ridge RV Park enjoy affordable living options with easy commutes to major employers within greater San Antonio. There is also a NNN Auto body shop on the Floresville property generating income.

Amenities

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

Park Information

Number of RV Lots: 74
Year Built: 2013
Average RV Lot Rent: $393

Financial Information

Debt Info: 5.63%

Utility Information

Water: City
Sewer: City

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