Contact Information
RV Park/Campground Details
- Price: $975,000
- Cap Rate: 7.4%
- Listing ID: 6694556
- Posted On: Aug 13, 2024
- Updated On: Aug 20, 2024
Description
Property Details
•48 Full Hook-up RV spaces with 30/50 amp electric
31 of the 48 pads were recently installed and are separately metered
1- 1700sf Stick built house, 3 bed, 1.5 bath
A long-term onsite manager lives in the stick built home. Manager takes care of mowing and maintenance.
1- 16x30 building
-Onsite office
-Free WiFi
-Security Cameras
-Fenced property
-Pet-Friendly
-Lots of shade
-Highway frontage
-Utilities included in rent
-Park currently not being advertised
Seller financing available
Value Add Opportunity
•-Raise rents to local competitor pricing
-Bill back electric to the 31 new spaces
-Advertise park to increase occupancy
-Build a laundry facility by running utilities to the 16x30 building
Location
- Located in Franklin County, Texas
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
| Number of RV Lots: | 49 |
| Year Built: | 2009 |
| Size: | 5.1 acre(s) |
Financial Information (Actual)
| Gross Income: | $306,000 |
| Operating Expense: | $61,000 |
| Net Operating Income: | $72,200 |
| Expense Ratio: | 19.9 % |
Utility Information
| Water: | City |
| Sewer: | Septic |
