Contact Information

RV Park/Campground Details

  • Price: $700,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 12.3%
  • Listing ID: 6303403
  • Posted On: Jun 19, 2024
  • Updated On: Sep 17, 2024

Description

Multi-stream income opportunity for high demand asset class. Located off I45 between Dallas and Houston and minutes away from multi million dollar lake development.

18 site RV Park/Tiny Home Community with 4 RVIA certified RV Park Models included, each in long term leases. 11 sites occupied in long term leases, 7 of which are tenant-owned tiny homes rv park models.

Park units include washer, dryer, stove, fridge, microwave, mini splits. 50amp and or 100amp electric, city water and sewer hookups for vacant sites.

Local park model retailer provides prospective tenants easy access to purchasing inventory or custom order to reside in park.

Opportunity also available for investor to fill remaining sites with park models at wholesale for STR or LTR, sell privately to park residents, or owner finance. Current cap rate 12.32%. Cap rate at capacity, calculated on site leases only 18.62%.

Message for performance details, rent roll, building specs for included units, or for a showing.

Amenities

  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 18
Average RV Lot Rent: $525
Size: 1.1 acre(s)

Financial Information (Actual)

Gross Income: $123,000
Operating Expense: $32,231
Net Operating Income: $90,768
Expense Ratio: 26.2 %

Utility Information

Water: City
Sewer: City

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