Contact Information

Julio Kiliddjian

RV Park/Campground Details

  • Price: $290,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 14.7%
  • Property ID: 1547558
  • Posted On: Nov 12, 2021
  • Updated On: Nov 22, 2021

Property Description

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

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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 %
Debt Info

Utility Information

Water: City
Sewer: Septic

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