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34599223
34599222

560 Marina Dr, Beaumont, TX 77703 For Sale

BD
TX 714918
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$5,500,000
1 day on market
Updated 1 day ago

Beaumont RV & Marina

Details
APN 399149
Property Type Mobile Home Park
Units 256
Cap Rate 8.80%
NOI $484,192
Acreage 27.880
Ownership Fee Simple

Marina & RV Park | Occupancy Averaging 80%+

Marketing description

Beaumont RV & Marina is a 256-site property located in Beaumont, Texas. The property sits on 27.88 acres and offers a diverse site mix comprised of 81 RV lots, 93 storage units, 64 covered boat slips, and 18 open boat slips. The property operates on city water and sewer. Water, sewer, and trash are paid by the property, and electric is paid by residents. Amenities include Wi-Fi, restrooms, showers, laundry facilities, a volleyball court, a swing set, picnic tables, and ice. The property holds a Good Sam rating of 9/9*.

Beaumont is located on Interstate 10 with access to U.S. Highways 90, 96, and 287, positioning the city roughly 90 miles east of Houston and giving the area access to more than 2.5 million people within a two-hour drive. The property's parcel runs along approximately 1,000 feet of Interstate 10, with the park entrance situated on the cross street that connects to the highway. The Port of Beaumont, a deep-water channel facility on the Neches River, anchors the regional economy alongside the city's petrochemical, energy, and medical sectors.

Beaumont sits along the Neches River, known as the Last Wild River in East Texas, which flows through downtown Beaumont on its path to Sabine Lake. The river supports more than 200 tree species, 47 mammal species, and 300 bird species, and Collier's Ferry Park offers four public boat ramps nearby. The Texas Parks and Wildlife Department has officially designated the Cooks Lake to Scatterman Paddling Trail, a 4.8-mile loop through the Big Thicket National Preserve, as a state paddling trail, drawing paddlers and outdoor recreation visitors to the area.

Investment highlights

  • 8.80% Day One Cap Rate
  • RV Park Occupancy Averaging 80%+
  • Multiple Income Streams: RV Park, Storage Facility, and Marina
  • Concrete Roads and Pads Throughout
  • Operates on City Water and Sewer
  • No Seller or Creative Financing Available

Listing Contacts

BD
TX 714918
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$484,192.00
$40,349.33/mo

Valuation Metrics

0
DSCR
8.8%
Cap Rate
8.8%
ROI

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