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34228058
34228069

1090 EARLY BLVD, EARLY, TX 76802 For Sale

JP
ER 100081901
NAI Outdoor Hospitality Brokers
Listed by NAI Outdoor Hospitality Brokers
$2,299,000
13 days on market
Updated 4 days ago

Brothers RV Park

Details
APN 20056052
Property Type Multifamily, Mobile Home Park
Sub Type RV Park, Rv resort (+1)
Units 53
Cap Rate 8.90%
NOI $204,000
Occupancy 100%
Pro-Forma Cap Rate 9.60%
Pro-Forma NOI $221,000
Broker Co-Op False
Class B
Year Built 2023
Acreage 5.760
Zoning RVZ and Commercial. Only Park in Early, TX zoned RVZ.
Parking Spaces 20 spaces
Investment Type Stabilized
Ownership Fee Simple

100% Occupied 53-Space RV Park Catering to Long-Term Stay Guests with Commercial Space & Amenities

Marketing description

Please contact Jesse Pine for more information: 970-379-5551 / [email protected]

SELLER FINANCING OR CREATIVE FINANCING OFFERS WILL NOT BE CONSIDERED BY SELLER

NO PACE MORBY OR SUBTO COMMUNITY CALLERS

WE WORK DIRECTLY WITH PRINCIPALS OR LICENSED REAL ESTATE BROKERS ONLY

Brothers RV Park is an ideal investment opportunity for a buyer looking for a turnkey property with high cash flow, immediate upside, and stable long term stay guests. The park is set up to be entirely remotely managed, with limited owner involvement on a monthly basis. The park is the highest quality and newest in town and has below-average market rates which can be raised in the next 12 months. Park is currently full, with guests paying a monthly rate. Each site is individually metered, and guests pay their own electric. The convenient location is ideal for workers and families living in the park. The property has commercial space at the front entrance with parking, bathrooms and picnic tables, and ownership lease spaces to food truck vendors. Ownership has done minimal advertising or marketing to fully utilize this commercial space creating additional upside for a new owner. Park benefits from low operating costs, minimal maintenance requirements and high occupancy.

Investment highlights

Please contact Jesse Pine for more information: 970-379-5551 / [email protected]

  • 100% current occupancy / 97.6% for last 12 months
  • Long-term stay guests
  • Stable cash flow
  • each site is individually metered
  • park is on city water and city sewer
  • Best park in town with below market rates
  • Strong job market and demand for low-cost housing

SELLER FINANCING OR CREATIVE FINANCING OFFERS WILL NOT BE CONSIDERED BY SELLER

NO PACE MORBY OR SUBTO COMMUNITY CALLERS

WE WORK DIRECTLY WITH PRINCIPALS OR LICENSED REAL ESTATE BROKERS ONLY

Listing Contacts

JP
ER 100081901
NAI Outdoor Hospitality Brokers
Listed by NAI Outdoor Hospitality Brokers

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$204,000.00
$17,000.00/mo

Valuation Metrics

0
DSCR
8.87%
Cap Rate
8.87%
ROI

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Additional Information

Name
George Dutter
License
405391
Brokerage
NAI Robert Lynn
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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