RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 16.0%
- Listing ID: 2609438
- Posted On: Apr 24, 2023
- Updated On: Nov 27, 2023
Description
Well located on US Hwy 87, this 50 space RV park is located on 3 acres just north of Southern Inn & Suites, north of Lamesa. Water, sewer and wifi are provided. All electrical boxes have 20, 30, and 50 amp outlets. At $450/month/spot, this Park breaks even with just 6 full spaces. 16% return at 50% capacity. This is a great low management investment.
Location
2T RV Park is located on the east side of U S Highway 87, 1/4 mile north of the intersection of N 22nd Street (CR 17) in Lamesa, Texas.
Amenities
- Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
| Number of RV Lots: | 50 |
| Year Built: | 2018 |
| Average RV Lot Rent: | $450 |
| Size: | 3.0 acre(s) |
Financial Information
| Gross Income: | $135,000 |
| Operating Expense: | $31,300 |
| Net Operating Income: | $103,700 |
| Expense Ratio: | 23.2 % |
| Debt Info: | Debt free |
Utility Information
| Water: | City |
| Sewer: | City |
