RV Park/Campground Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 10.7%
  • Property ID: 1415429
  • Posted On: Mar 31, 2021
  • Updated On: Apr 13, 2021

Property Description

14 Space RV park located near Lake Cypress Springs and Lake Bob Sandlin in NE Texas. Also includes at 2,200 SF 5/3 home which can be rented, used as a residence or management office/housing. There is also land available for more spaces on the property. All spaces are dual 50/30 and also have 110v outlets. Co-op water and electric with septic. Many tenants are long term contractors and others are visitors to the lakes. There are also some overnight guests who are travelling through. Owner is motivated and has another development he wants to focus on. This is a great opportunity in a growing area of Texas.

Location

Near Mt. Vernon, TX and the junction of HWY 37 and FM 21. Very close to interstate 30, a major east/west route. Approximately 1 1/2 Hours to Dallas and 70 miles to Texarkana.

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Park Information

Number of RV Lots: 14
Year Built: 2019
Average RV Lot Rent: $350
Size: 6.0 acre(s)

Financial Information (Pro Forma)

Gross Income $58,800
Operating Expense $12,780
Net Operating Income $46,020
Expense Ratio 21.7 %
Debt Info None

Utility Information

Water: City
Sewer: Septic