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32243976
32244051

1327 North Ocean Drive, Port Lavaca, TX 77979

All City Real Estate
Listed by All City Real Estate
$299,000
31 days on market
Updated 2 days ago

1327 North Ocean Drive

Details
APN 87552
Property Type Multifamily
Sub Type RV Park, Rv park | value-add / development opportunity
Units 9
Cap Rate 6.01%
NOI $17,961
Occupancy 85%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 8.03%
Pro-Forma NOI $24,000
Broker Co-Op True
Class C
Year Built 2017
Year Renovated 2018
Acreage 0.500
Zoning Commercial Lot
Parking Spaces 12 per unit
Investment Type Value Add
Ownership Fee Simple

Income-producing 9-Pad RV Park | Metered Electric | High-Demand Coastal Location

Marketing description

Lola’s and Ethel’s RV Park is an income-producing RV park located in Magnolia Beach, Port Lavaca, Texas. The property consists of nine RV pads, currently 6 occupied on month-to-month tenancy, providing in-place income with near-term repositioning flexibility.

The RV pads are individually metered for electric, tenants to pay their own usage - reducing operating expenses and stabilizing net income. Water, septic, and core infrastructure are in place, providing a simple and efficient operating profile.

🎥 Property Video Available: https://youtu.be/9pf--ARcvHc

Demand is supported by coastal tourism, fishing activity, and nearby industrial workforce housing, with a mix of short- and long-term occupancy. The asset offers additional upside through tenant mix optimization, site management improvements, and operational standardization. Local constraints tied to septic capacity and floodplain regulations limit additional development in the immediate area, helping preserve long term value.

This is a straightforward, income-producing asset with operational upside and a clear path to improved performance.

Investment highlights

9 Income-Producing RV Pads — Individually metered electric (tenant-paid)

Simple Operating Profile — No structures, limited maintenance requirements

Operational Value-Add — Improve tenant profile and enforce site standards

Revenue Optimization — Expand into short- and mid-term rental demand

Strong Coastal Demand Drivers — Fishing, tourism, and workforce housing

Infrastructure in Place — Water, septic, and electric servicing all pads

Barrier to Entry — Septic and floodplain constraints limit new supply

Accessible Location — Proximity to Magnolia Beach and Port Lavaca amenities

Listing Contacts

All City Real Estate
Listed by All City Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$17,961.00
$1,496.75/mo

Valuation Metrics

0
DSCR
6.01%
Cap Rate
6.01%
ROI

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Additional Information

Name
Rosangely Hernandez
License
585665
Brokerage
All City Real Estate
Brokerage Phone
5125846997
Title
Real Estate Broker Associate
Brokerage Address
10222 Pecan Park Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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