Listed by Matthews
$605,000
Countryside RV Park
Details
Property Type Mobile Home Park, Multifamily
Sub Type RV Park
Units 22
Cap Rate 11.46%
NOI $69,323
Occupancy 81%
Acreage 5.700
22-Unit 11.46% Cap RV Park in East Texas With Expansion Opportunity
Marketing description
22-unit RV park on ±5.7 acres in Center, TX. Priced at $605,000 with a 11.46% cap rate and $27,500 per unit. Features on-site manager’s residence, recent upgrades, solar installation, and excess land for expansion. Located in a Qualified Opportunity Zone near major recreation and workforce demand drivers.
Investment highlights
- On-Site Manager’s Residence: The property includes a single-family home designated for an on-site manager or owner-operator, reducing the need for third-party management and lowering operating overhead. This setup enables hands-on day-to-day oversight, improving operational efficiency and tenant management.
- Qualified Opportunity Zone: The property lies within a federally designated Qualified Opportunity Zone, offering potential tax advantages for investors. Eligible investors may defer and reduce capital gains taxes, and long-term holders (10+ years) may eliminate federal taxes on appreciation—significantly enhancing after-tax returns.
- Recently Updated Residence: The residence has undergone recent capital improvements, including new windows and exterior doors, updated kitchen flooring, refreshed bedroom furnishings, and the addition of a washer and dryer for full in-unit laundry. These upgrades minimize near-term capital expenditure and allow for immediate occupancy.
- On-Site Solar Generation: An existing solar installation offsets electricity usage, directly reducing operating expenses. Given that utility costs (lighting, water systems, and common area loads) are a significant expense in RV park operations, this feature enhances NOI while providing a hedge against rising energy costs.
- Excess Land for Expansion: The property includes additional acreage beyond the current developed footprint, offering a clear opportunity to expand site count without additional land acquisition. Expanding at a lower cost basis than initial acquisition presents a compelling path to increased revenue and long-term value appreciation.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$69,323.00
$5,776.92/mo
Valuation Metrics
0
DSCR
11.46%
Cap Rate
11.46%
ROI
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