Midway Pines - Aerial
Midway Pines - Aerial
RV Park
RV Park
RV Park
RV Park
RV Park
RV Park
Self Storage Units
Self Storage Units
Covered RV Parking
Covered RV Parking
Log Cabin
Log Cabin
Manager's Office
Manager's Office
Small Cottages
Small Cottages
Group Cottage & Laundry
Group Cottage & Laundry
House - Front Yard
House - Front Yard
House - Front
House - Front
House - Back
House - Back
Owner's Garage & Maintenance Area
Owner's Garage & Maintenance Area
Community Rec Room
Community Rec Room
House - Interior
House - Interior
Cottage - Interior
Cottage - Interior
Laundry Room
Laundry Room
Picnic Area
Picnic Area
Mobile home
Mobile home
RV Park - open area
RV Park - open area
RV Park/Group Cottage
RV Park/Group Cottage
Midway Pines - Aerial
RV Park
RV Park
RV Park
Self Storage Units
Covered RV Parking
Log Cabin
Manager's Office
Small Cottages
Group Cottage & Laundry
House - Front Yard
House - Front
House - Back
Owner's Garage & Maintenance Area
Community Rec Room
House - Interior
Cottage - Interior
Laundry Room
Picnic Area
Mobile home
RV Park - open area
RV Park/Group Cottage

RV Park/Campground Details

  • Purchase Method: Seller Financing
  • Cap Rate: 11.1%
  • Listing ID: 579690
  • Posted On: Nov 19, 2015
  • Updated On: Apr 18, 2016

Description

The 7.81 acre property consists of 38 RV spaces, 4 motel quality cottages, 2 mobile homes, 1 log cabin, 1 single family residence, and 56 self-storage units. Daily, weekly, and monthly options on the rentals. The park offers full hook ups with 50AMP service and utilizes an Aerobic Treatment System (ATS) for waste water. Additionally, tremendous upside potential exists for a new Owner by adding additional storage or RV spaces on the south side of the property.

Strong in-place cash flow, solid occupancy history, and excellent location along Hwy 144 in Granbury, just SW of Fort Worth, make Midway Pines a very attractive Asset for an investor or owner/operator. The current owner and wife live onsite in a very nice 3/2 single family log residence and self manage the property. New ownership would have the ability to rent this house out for additional income.

Short term Seller Financing option is available with an approximate 50% down payment at a below market interest rate. Please call Broker to discuss additional terms in detail. Property tours are highly encouraged and are being scheduled upon request. To schedule a tour, please contact:

Jordan Cortez: 682.499.3877
Jordan.Cortez@VanguardREA.com

Justin Tidwell: 682.499.3878
Justin.Tidwell@VanguardREA.com

To view full Offering Memorandum and diligence material, please click below link to execute the electronic confidentiality agreement and gain immediate access.

http://vanguardrea.listinglab.com/MidwayPines/

Location

The Property is strategically positioned along Glen Rose Highway (Hwy 144) between the popular tourist destinations of Granbury and Glen Rose which provides excellent visibility and drive-by traffic.

Amenities

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

Park Information

Number of RV Lots: 38
Year Built: 1994
Average RV Lot Rent: $395
Size: 7.8 acre(s)

Financial Information (Pro Forma)

Gross Income: $369,932
Operating Expense: $147,057
Net Operating Income: $222,875
Expense Ratio: 39.8 %

Utility Information

Water: Well
Sewer: Treatment Plant

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