Incredible Opportunity for new operator to cash flow!
Sales Price: $2.4 Million
2015 Cap Rate: 11.05%
NOI: $265k
This park is a money maker with room to grow!
The owner just added 18 spaces to accommodate demand.
Physical Data: Park is located right off Hwy 288, just 35 minutes south of downtown Houston. RV area is set back from the freeway to reduce noise and increase privacy. Include a large 4-2-2 home that is separately fenced and has its own well cross tied to the park as a back up to primary park well. Can be used as owner/manager’s housing or rented for $1200mth. Also includes a 3-2 mobile home used as an office for the park.
-
Land Area: 14.95 acres partially wooded with pine trees and oaks, hay production on open fields bring in extra income
-
Number of spaces: 78 full hook-ups/20, 30 & 50 amps at every site
-
Park owned homes: (1) 4BR/2BA/2 car garage traditional
-
(1) 3BR/2BA Mobile Home (part used for Park Office)
-
-
Rents: $350.00 p/mo plus electricity per space
-
Roads: Cement entry then limestone, well built with solid road base and material underlayment.
-
Density: Park could easily be expanded to 120 sites by tapping into newly added city sewer system.
-
Occupancy: 95-100% occupancy
- Vending/Laundry & Storage Building – Three commercial washer & dryers. Space to add vending. On-site storage for park equipment & supplies.
Utilities
-
Water: Recently installed high capacity water well with large reservoir pressure vessel storage.
-
Sewer: 4 major aerobic septic systems. (no monthly city sewer bill or treatment plant maintenance costs) All systems have been very reliable with new upgrades.
-
Electric: Meters are read 1x per month and spaces are individually billed.
-
Trash: Paid by Park (free to tenants)
-
WiFi: Paid by Park (free to tenants)
$20k earnest money required for contract. $5k non-refundable.
Call 832-472-690two for more info.
Email: info@riverwolfproperties for full financials.
Keywords: RV parks for sale in Texas, angleton, rv, RVs, recreational vehicles, commercial properties, income properties, cash flow, owner financing, multifamily