RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 13.0%
- Listing ID: 2028364
- Posted On: Jan 31, 2023
- Updated On: May 30, 2023
Description
Koenig RV Resort is a 102-space RV Park located in Donna, TX. The park has a quiet atmosphere enjoyed primarily by winter Texans and vacationers.
In addition to the RV spaces, the property has a 3,080 sqft rec hall/office, a 1,976 sqft home, a large green area in the rear of the park approximately an acre large, storage shed, laundry room and designated storage lot for excess vehicles.
The park sits on 9.39 acres with recenlty refurbished asphalt roads throughtout. Water is provided by NAWSC, sewer is serviced by septic system. Electricity is submetered and billed back to tenants, water and garbage services are paid by the park.
Location
The park is located off Val Verde Rd in Donna, TX. It is centrally located in the "Mid Valley" area of the Rio Grande Valley, only one hour from South Padre Island and 20 minutes from McAllen, TX.
Amenities
- Laundromat
- Club House
- Storage
- Manager Office
- Bathhouse
Park Information
| Number of RV Lots: | 102 |
| Year Built: | 1973 |
| Average RV Lot Rent: | $300 |
| Size: | 9.4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $335,700 |
| Operating Expense: | $102,250 |
| Net Operating Income: | $233,449 |
| Expense Ratio: | 30.5 % |
Utility Information
| Water: | City |
| Sewer: | Septic |