Camp Verde ATX
Value-Add Long Term RV-Tiny Home Park - Over 8.00% Pro-Forma CAP Rate
Marketing description
Vans Commercial Group LLC is pleased to exclusively present Camp Verde ATX for sale. Camp Verde is a long term mobile home, RV, and tiny home park that offers 40 available pad sites on 6 acres. Prime highway frontage - over 1/8 mile of frontage along Highway 290. Conveniently located along Highway 290 just 2 miles East of “The Y at Oak Hill” and only 15 minutes from downtown Austin. Currently 67.5% occupied, offering a significant value-add component for an investor/ park operator in the area to improve the annual return to beyond 8.00%. Ownership carried out an extensive, nearly $1M renovation in 2022 by installing brand new water and electrical utilities, as well as converting the property from septic to full city sewer hookups. All RVs and Tiny Homes are tenant owned. All residents pay utilities directly to the respective providers with the exception of water service which is included in their rental rate. Zoned MH-NP, governed by the Oak Hill Neighborhood Plan. Impervious Cover limit: 25%.
Investment highlights
6 Acres of prime highway frontage along Highway 290
40 Pad sites for Tenant-owned RVs or Tiny Homes
Residents pay all utilities directly with the exception of water
Dozens of mature Oak trees on the property provide significant shade and a beautiful green space for residents
67.5% Occupied - Significant Value-Add component for an experienced park operator / investor
Pro-Forma CAP Rate 8.42% at 100% Occupancy at Asking Price
High Traffic - Over 144,000 Vehicles Per Day along Highway 290
Less than 2 miles from “The Y at Oak Hill,” the intersection of Highway 290 and 71
Less than 1 mile from Baylor Scott and White Medical Center
Only 15 minutes from Downtown Austin
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