Contact Information
Christopher Hernandez
License: 669233
RV Park/Campground Details
- Price: $749,000
- Purchase Method: Cash, New Loan
- Cap Rate: 5.3%
- Listing ID: 1989448
- Posted On: Jan 8, 2023
- Updated On: Apr 17, 2024
Description
AS OF 4/17/2024 RENT ROLL IS AT $17,864.95 --- 82.14% Occupancy.
Room for expansion, as it sits total gross potential rental income at 100% occupancy would generate $23k a month or $276k a year. See 360 Tour: https://show.tours/cabosansaba
Located in an Opportunity Zone. Overlooking the San Saba River. 48 units: 39 RV lots with 12 Park Owned RVS, 4 cabins, 2 bunkhouses, and 3 storage units. City water and sewer systems with WIFI on property. Site pads have individual hookups for water, waste water and electric (30 & 50 amp). 3 minutes to downtown. Close to San Saba’s only golf course. San Saba is an ideal retreat for the region. Located less than 2 hours west from Austin and Waco and only 2.5 hours north of San Antonio and Fort Worth to the north. Property is on the San Saba River and has huge upside potential. New laundry just installed in August. Property is on the water and thus is in a flood zone AE.
See full property site at https://show.tours/cabosansaba
2023 Stats
Goss Income: $123,838.54 | Operating Expenses: $81,356.49 | Net Income: $42,482.05 | Cap Rate: 5.3%
Location
Waterfront location with the ability add spaces on city water, electric, sewer
Amenities
- Laundromat
- Storage
- Manager Office
- Bathhouse
- Wifi
Park Information
| Number of RV Lots: | 39 |
| Year Built: | 2017 |
| Average RV Lot Rent: | $486 |
| Size: | 6.0 acre(s) |
Financial Information (Actual)
| Gross Income: | $121,838 |
| Operating Expense: | $81,356 |
| Net Operating Income: | $42,482 |
| Expense Ratio: | 66.8 % |
Utility Information
| Water: | City |
| Sewer: | City |
