RV Park/Campground Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 5.1%
  • Listing ID: 2567905
  • Posted On: Apr 22, 2023
  • Updated On: Jun 26, 2023

Description

Beautiful and well-planned RV Park on 6.9 wooded acres. (Field lines take about 1 acre) The spacious common room was beautifully remodeled in April 2022 including paint, flooring, cabinets and granite counters. The airconditioned laundry room has 3 full-sized, coin operated washers and dryers. There are 4 private restrooms accessible from the outside. There are 2 adjoining apartments to the common room. One is a 2/2, 1200 sf. The other is an efficiency with kitchenette and full bathroom, 264 sf. The apartments are currently occupied by the owners. Could be used for on-site manager or leased for additional income. There are 52 RV Spaces with full hook-ups, including electrical 110/30/50 amp posts with individual meters. All of the spaces have water and septic as well. 36 of the spaces have concrete pads. The others have crushed concrete. 32 of the spaces are pull throughs. Current collection average is $445/ month/ space. The 12 open storage spaces are currently renting for $85/month. Rates are lower than almost every RV park in the area. Room for increase. The Wi-Fi was upgraded in July and has great coverage.

Location

Location! Near Texas Renaissance Festival, Lake Conroe, Bluejack National Golf Course, Easy access to Aggie Express way & FM 249.

Amenities

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

Park Information

Number of RV Lots: 52
Year Built: 2010
Average RV Lot Rent: $465
Size: 7.0 acre(s)

Financial Information (Actual)

Gross Income: $208,369
Operating Expense: $111,226
Net Operating Income: $97,143
Expense Ratio: 53.4 %

Utility Information

Water: Well
Sewer: Septic

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