RV Park/Campground Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 6.0%
  • Listing ID: 1538400
  • Posted On: Oct 18, 2021
  • Updated On: Aug 21, 2022

Description

The newly opened RV Park is located in Conroe Texas, one of the fastest growing cities in America according to US Census Bureau. Lost Lake RV park has 90 full hook up sites, laundromat, 5 acre stocked fishing pond, game room, super fast Wi-Fi Wi-Fi and 5.7 acres for additional expansion.

Location

Lost Lake RV Park is located in Montgomery county Texas. This area is rapidly growing and is one of the fastest growing counties in the state.

Amenities

  • Laundromat
  • Club House
  • Manager Office
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 90
Year Built: 2021
Average RV Lot Rent: $500
Size: 30.0 acre(s)

Financial Information (Actual)

Gross Income: $360,000
Operating Expense: $120,000
Net Operating Income: $240,000
Expense Ratio: 33.3 %

Utility Information

Water: City
Sewer: Septic

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