Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground

RV Park/Campground Details

  • Purchase Method: New Loan
  • Cap Rate: 12.8%
  • Listing ID: 776766
  • Posted On: Jan 10, 2017
  • Updated On: Apr 16, 2019

Description

73 space park that includes 63 RV sites, 8 efficiency apartments, two modular homes in excellent condition, two rental RV's, a public Laundromat, and a clubhouse and office. All improvements have been recently renovated by the owners, Great location one block from Falcon Lake on the border with Mexico, Falcon Lake covers over 100,000 acres, and is one of the best fishing lakes in the US. Good income from Winter Texans, fishermen, oil field service workers and workers who are employed at one of the wind energy projects in the area.. Upside with better advertising and promotion. Please do not visit the park or contact management without an appointment. Buyers broker must be present at all showings and inspection to receive a commission. Operating statements available with signed confidentiality agreement.

Amenities

  • Laundromat
  • Club House
  • Storage
  • Manager Office
  • Store
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 75
Year Built: 1965
Average RV Lot Rent: $175
Size: 4.4 acre(s)

Financial Information (Pro Forma)

Gross Income: $169,000
Operating Expense: $84,000
Net Operating Income: $85,000
Expense Ratio: 49.7 %

Utility Information

Water: City
Sewer: Septic