RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Cap Rate: 10.9%
- Listing ID: 458023
- Posted On: Jul 8, 2014
- Updated On: Jul 19, 2016
Description
Incredible hidden gem of a park only 18 minutes from downtown Houston! Multiple income streams with a 50 unit Boat/RV Storage, Restaurant, Marina and more! Plenty of room for a new operator to add spaces, cabins or more; owner has plans in hand and engineering completed to add 30 spaces. Electrical capacity is more than able to handle 200+ spaces with no upgrades.
Park is 100% occupied with monthly tenants and waiting lists.
Boat/RV Storage is 100% occupied; owner uses 3 units for business storage.
Owner is retiring and offering very attractive owner financing to the right buyer.
Flexible down and flexible terms.
Location
~31 Riverfront acres on the San Jacinto River just south of Lake Houston. This property is just minutes from Hwy 90 & Beltway 8 in NE Harris County. Location is in the unincorporated part of Harris County, unrestricted development allowed.
Amenities
- Laundromat
- Club House
- Storage
- Boat Access
- Store
Park Information
| Number of RV Lots: | 48 |
| Average RV Lot Rent: | $450 |
| Size: | 31.0 acre(s) |
Financial Information (Actual)
| Gross Income: | $578,912 |
| Operating Expense: | $231,436 |
| Net Operating Income: | $347,476 |
| Expense Ratio: | 40.0 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
