Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 24.0%
- Listing ID: 1148855
- Posted On: Oct 24, 2019
- Updated On: Jul 13, 2020
Description
JTA Commercial is pleased to present Granite Ranch RV Park for sale.
Granite Ranch is being offered with 36 current RV spaces. Of the total acreage, it is approximately 50% utilized, so presents an excellent expansion opportunity.
There is a shell building in place that is set up to be used as the laundry building.
Seller is an absentee owner, and self manages from California.
Property is being sold at a severely discounted rate and priced to sell!
Location
Close to both Midland Airport and Walmart, Granite Ranch is central to Midland. Additionally, being located in Midland, the property is conveniently central to secondary towns such as Monahans, Odessa, and Pecos.
Amenities
- Manager Office
- Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
| Number of RV Lots: | 36 |
| Year Built: | 2018 |
| Average RV Lot Rent: | $600 |
| Size: | 5.7 acre(s) |
| Development Land: | This is land for developing a RV park. |
Financial Information (Pro Forma)
| Gross Income: | $250,217 |
| Operating Expense: | $58,393 |
| Net Operating Income: | $191,823 |
| Expense Ratio: | 23.3 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
