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29978752
29978753

13099 Us Hwy 259 S, Mount Enterprise, TX 75681 For Sale

ST
FL 3536754
IRE Investment
Listed by IRE Investment
$1,575,000
145 days on market
Updated 63 days ago

Whispering Pines RV & Lodging

Details
Property Type Multifamily
Sub Type RV Park
Units 48
Cap Rate 9.08%
NOI $143,033
Pro-Forma Cap Rate 9.83%
Pro-Forma NOI $154,834
Class C
Acreage 8.680

Multifamily | 48 Units | $32,813/unit

Marketing description

RV Sites:
31 RV Sites with 30/50amp service (some with 110V)

5 Cabins:
3- Efficiencies
2- 1 bed/1 bath

3 Duplexes (6 rentable units):
1- 4 bed/1 bath and 1- Efficiency (Old Store)
1- 1 bed/1 bath and 1- Efficiency (MH, conveys with sale)
1- 1 bed/1 bath and 1- Efficiency (Cabin)

2 Stick-Built/Old Farm Homes (built before 1978):
1- 2 bed/1 bath
1- 2 bed/2 bath/bonus room

1 TOH/Mobile Home (MH does not convey with sale)

1 Large Fenced Lot with TOH/16'x40' building (building does not convey with sale)

2 Rentable 10' x 10' storage units

Utilities included in rents: Electricity, Water, Sewer, Trash, Wi-Fi (unless otherwise specified in the rent roll)

Commissary Kitchen: Provides additional income from food trucks, catering, small businesses, residents and guests

*Seller Financing Available*
*Please note: Site visits are strictly by appointment only*

Located in Rusk County

Listing Contacts

ST
FL 3536754
IRE Investment
Listed by IRE Investment

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$143,033.00
$11,919.42/mo

Valuation Metrics

0
DSCR
9.08%
Cap Rate
9.08%
ROI

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Property History

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