Property details

High Cap Rate Park Investment, Southwest Region

Property Description

High Cap Rate Park Investment

This park is made up of RV spaces and cabins (no mobile home spaces). . 16 Spaces. Current Cap Rate Exceeds 20 Percent. Cash-on-Cash Returns Exceed 69 Percent. Eight City Residential Blocks with City Utilities. Very Strong Housing Demand for Foreseeable Future. Long-Term Residual Land Value. This is a 16-space Cabin and RV park located in southern Texas. Situated on 0.8 acres on eight city lots near the central business district of town. Rental rates for cabins are $1,730 per month and includes maid service and utilities. RV pad rental rates are $450 per month. The property is serviced by city water and sewer. The demand for affordable housing in the area is substantial given the recent activity in the Eagle Ford Shale oil and gas fields.






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Highlights

Status:
Available
Price:
$679,000
Cap Rate:
20.09%
 

Property Information

Property Type:
RV Parks
Industry Type:
RV Park
Units/Spaces:
16
Year Built:
2011
Land Area:
0.80 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.