RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0%
- Listing ID: 1325762
- Posted On: Sep 17, 2020
- Updated On: Mar 10, 2021
Description
Well established RV Park in sunny South Texas with a laid back fishing village vibe blocks from a private boat ramp and outdoor patio bar. The area benefits from alternative energy projects, world-class bass fishing and swarms of winter Texans. There are 75 total sites, including 15 furnished rentals with a 24 hour laundry open to the public.
This is a beautifully maintained dynamic little park! Excellent amenities package includes Cable TV and Wi-Fi throughout, picnic tables, concrete patios, BBQ grills, like-new community showers and restrooms, quality dog park, interactive park map, online reservations system, pavilion, attractive clubhouse, coin laundry and beautiful landscaping!
The major drivers for this park are the world-class bass fishing, oil and gas rigs surrounding Zapata, major wind energy products and the Winter Texans.
Post COVID19 Realistic 2020 Projections based on actual YTD performance as of 10/31/2020. CPA-prepared financials. Absentee ownership, includes onsite manager and maintenance expenses.
Location
The city of Zapata is located right on Falcon International Reservoir which is at the center of multiple windmill projects and fishing events throughout the year.
Amenities
- Laundromat
- Club House
- Storage
- Boat Access
- Manager Office
- Bathhouse
- Wifi
Park Information
| Number of RV Lots: | 75 |
| Year Built: | 1982 |
| Average RV Lot Rent: | $450 |
| Size: | 4.4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $300,172 |
| Operating Expense: | $97,194 |
| Net Operating Income: | $202,978 |
| Expense Ratio: | 32.4 % |
Utility Information
| Water: | City |
| Sewer: | City |