RV Park/Campground Details
- Purchase Method: New Loan
- Cap Rate: 12.8% (Pro Forma)
- 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
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 |