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RV Park/Campground Details

  • Price: $995,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1228861
  • Posted On: Mar 13, 2020
  • Updated On: Mar 27, 2020

Property Description

Huge income potential located in the Permian Basin, the most prolific oil and gas field in North America! The property is 6.929 Acres total with 39 RV hookups and two mobile homes. One mobile home is a 2005 - 4BR/2BA with an amazing kitchen, tile, and hardwood floors. The other mobile home is a 2013 - 3BR/2BA with updates. There's a 30' x 40' workshop on the property as well. A majority of the property is stabilized with caliche road base. The RV spots are set up in three separate locations containing 14 hookups, 14 hookups, and 11 hookups. The property is fenced and secured. Outside city limits. Serviced by water well and septic system. This is a value add opportunity. RV spaces average $600/month in Odessa @39 spaces this represents potential of $280,800 in gross income. At 80% NOI, the cap rate would be 22.57% not including rent from the MH units. Motivated Seller, make an offer!!!

Location

The property is located in Odessa, Texas - the Oasis of West Texas and the heart of the Permian Basin! The location offers quick and convenient access to Interstate 20, Highway 385, and Loop 338, but also has a feeling of being at home in the countryside.

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Park Information

Number of RV Lots: 39
Year Built: 2019
Size: 6.9 acre(s)

Utility Information

Water: Well
Sewer: Septic

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