Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground

RV Park/Campground Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 14.0%
  • Listing ID: 1055432
  • Posted On: Apr 18, 2019
  • Updated On: Jul 8, 2021

Description

This 2.8 acre RV Camp completed construction in August of 2018, with brand-new septic, electrical and water systems, and in 3 months achieved 100% occupancy at an advertised $600/mo rent structure.

Uses City water, which is among the best in the region. The owner recently installed WiFi for the tenants, and there are 8 security cameras to allow the new owner to manage the property easily off-site.

It sits at the epicenter of the major oilfield activity in the region, situated between the fast-growing towns of Pecos and Monahans, which straddle the space between the Permian and Delaware Basins. With the new Exxon-Mobil pipeline beginning in Wink, and a brand-new, $1.5B refinery being constructed in Kermit, this area is planning for the boom to continue well into the 2030's and 40's.

Amenities

  • Laundromat
  • Wifi
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Park Information

Number of RV Lots: 62
Year Built: 2018
Average RV Lot Rent: $600
Size: 2.8 acre(s)

Financial Information (Actual)

Gross Income: $140,776
Operating Expense: $45,226
Net Operating Income: $95,549
Expense Ratio: 32.1 %

Utility Information

Water: City
Sewer: Septic