Contact Information
RV Park/Campground Details
- Price: $825,000
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 10.9%
- Listing ID: 4121270
- Posted On: Dec 4, 2023
- Updated On: Feb 22, 2024
Description
JTACR Real Estate Group is pleased to present Sandy Springs RV Park: a 25-site community located in Streetman, TX. The community is conveniently positioned one mile from Richland-Chambers Reservoir and Richland Creek Wildlife Management Area, providing excellent opportunities for residents to enjoy the outdoors.
In addition, Sandy Springs RV Park is located in Freestone County, with on-site public water supply and a septic system that can accommodate further pad site development.
Additional acreage is available for purchase as well.
Current ownership operates and sells sand out of the existing sand pit, while also operating the RV Park business. A recent survey and soil sample of the pit showed over 1 million yards of sand. This opportunity presents investors with the option to continue the sales from the sand pit. Alternatively, one can allow the natural spring (fed from the Carrizo - Wilcox Aquifer) to fill the pit to then continue development of a community with a private lake on site.
***PLEASE DO NOT DRIVE THE PROPERTY WITHOUT PRIOR SELLER'S APPROVAL***
Location
- Next to Richland-Chambers Reservoir
- Directly across from Richland Creek Wildlife Management Area
Amenities
- Laundromat
- Manager Office
Park Information
| Number of RV Lots: | 25 |
| Year Built: | 2021 |
| Average RV Lot Rent: | $400 |
| Size: | 35.7 acre(s) |
Financial Information (Actual)
| Gross Income: | $124,236 |
| Net Operating Income: | $89,697 |
Utility Information
| Water: | Well |
| Sewer: | Septic |
