Contact Information
RV Park/Campground Details
- Price: $1,500,000
- Cap Rate: 9.0%
- Listing ID: 5883146
- Posted On: May 23, 2024
- Updated On: Jun 5, 2024
Description
- Appraised for $1.65 Million on April 22, 2024
- Seller Finance is Available
- Management Willing to Stay Onboard
- Approximately 20 Acres Available for Expansion
- Located 16.5 Miles from Midland International Airport
- Third Party Property Appraisal Recently Completed and Provided
- Third Party Property Inspection Recently Completed and Provided
- Environmental Survey Recently Completed and Provided
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Park Information
| Number of RV Lots: | 34 |
| Year Built: | 1981 |
| Size: | 31.2 acre(s) |
Financial Information (Actual)
| Gross Income: | $226,026 |
| Operating Expense: | $90,447 |
| Net Operating Income: | $135,579 |
| Expense Ratio: | 40.0 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
