Kenedy Village RV Park
73-site RV Park with concrete roads & pads. City utilities.
Marketing description
No seller financing. Cash or third-party loan.
Kenedy Village RV Park is a 73 site park located in the City of Kenedy, Texas. The park sits on 4.04 acres and operates on city water and city sewer. The majority of the sites are submetered; however all utilities are paid for by ownership. Over 95% of guests are long term, paying the monthly rate. Kenedy Village RV Park is the only park in the area with full bathroom facilities. All roads and RV pads are concrete. Park amenities include restrooms with two men’s showers and two women’s showers, laundry facilities, and free WiFi. The current Park Manager oversees all repair, maintenance, and revenue collection. The Manager is willing to stay onboard for future ownership. Kenedy, Texas, is in the heart of the Eagle Ford Shale, the epicenter for oil and gas production in South Texas. The park is strategically located near the major Kenedy thoroughfare US Highway 181. Nearby amenities include Walmart Supercenter, HEB, and Tractor Supply. The park is located one hour from San Antonio and one and half hours from Corpus Christi.
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ACCESS TO DILIGENCE: To access the due diligence materials for this property, please complete our short NDA form using the link below. Once submitted, you will automatically receive a link to our secure deal room where you can view and download all available documents - NDA - Kenedy RV Village
HOW TO PARTICIPATE:
● Inquiries should be made by contacting Peter Sampson at [email protected].
● DO NOT show up to the property unannounced.
● DO NOT speak to staff, tenants or owners without written consent from Broker.
● All offers must be submitted in a Letter of Intent format with proof of funds and/or letter from a lender.
● Please review all diligence materials prior to contacting an agent.
Notice to Subto and Creative Finance Communities
To all new members of the Pace Morby “Creative Finance” and “Subto” communities, we appreciate your enthusiasm and interest.
Please note that we work exclusively with verified buyers. To protect our sellers, we do not release proprietary information to intermediaries, scouts, “bird dogs,” or any third parties.
All buyers must contact us directly, complete registration, and sign a Confidentiality Agreement before receiving any property details. Proof of funds may be requested from all interested parties.
Investment highlights
- 10% CAP Rate on T12 financials. T12 occupancy is approximately 65%. No seller financing.
- Kenedy Village RV Park is the only park in the area with full bathroom facilities. Full renovation of the bathhouse is 2022.
- Long term tenant base with 95 % + paying monthly rates. Average stay is 3 - 6 months.
- Park operates on city utilities minimizing repair and maintenance. RV sites are sub metered for electric, however, the park pays all utilities. Approximate 40 % expense ratio.
- Management in place. Managers collect payments and coordinate repair and maintenance.
- Park is located in an Opportunity Zone. The park is also eligible for electric sales tax reimbursement.
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