RV Park/Campground Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 14.7%
- Listing ID: 1547558
- Posted On: Nov 12, 2021
- Updated On: May 24, 2022
Description
PENDING SALE - UNDER CONTRACT. SEE DOCUMENTS BEFORE CALLING. RV Park newly built with 13 SPOTS. Potential 14.799% CAP RATE. 13 Concrete Pads with mail boxes, separate electric meters. Close to HWY 59 on FM 2090. Excellent Location. Owner currently pays CITY water and electric. PLEASE SEE ATTACHED FINANCIAL STATEMENT. Includes Drip field sewer distribution. Currently 7 spaces rented out. 6 spaces have 50 AMP & 7 spaces have 30 AMP. Excellent opportunity for passive income in a growing area. Property includes Total 32,160 S.F. on 2 lots.
Owner will consider Owner financing. See Updated financials.
Location
Frontage on FM 2090
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
| Number of RV Lots: | 13 |
| Year Built: | 2021 |
| Average RV Lot Rent: | $377 |
| Size: | 0.7 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $58,884 |
| Operating Expense: | $14,487 |
| Net Operating Income: | $44,397 |
| Expense Ratio: | 24.6 % |
Utility Information
| Water: | City |
| Sewer: | Septic |