Contact Information

RV Park/Campground Details

  • Price: $1,160,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Property ID: 1136884
  • Posted On: Sep 22, 2019
  • Updated On: Sep 23, 2019

Property Description

A legacy is the lasting reputation spent decades in the making. Make this highly rated RV Park part of your legacy in South Texas. With 79 total units, there is the perfect mix of 62 FHU RV sites, 4 W/E tent sites, 5 deluxe cabins and 8 efficiency apartments. This well established campground personifies the true beauty and relaxation of a fisherman's paradise. Fund your retirement and feed your soul with multiple revenue streams from the lodging business, camping, vending and public laundromat. Guests wake up to coffee in the clubhouse and enjoy complimentary WiFi and Cable TV throughout the park. Drift between the off-leash pet park, new showers facilities and the fully stocked amenities center to appreciate the true beauty of this campground. Positioned high above the award-winning Falcon Lake, this super clean park offers something for everyone.

Down payment assistance and a 2019 full commercial appraisal in hand make this an opportunity worth celebrating. Value is based on adjusted NOI of $116,000 by the appraiser at a 10% CAP rate.

Appraisal available upon request.

Location

The city of Zapata is located right on Falcon International Reservoir which is at the center of multiple, fishing events throughout the year.

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: 79
Year Built: 1982
Average RV Lot Rent: $200
Size: 4.4 acre(s)

Financial Information (Actual)

Gross Income $188,997
Operating Expense $43,546
Net Operating Income $145,451
Expense Ratio 23.0 %
Debt Info

Utility Information

Water: City
Sewer: City