Investment Overview

Marcus & Millichap is pleased to present Stonecrest RV Park, a 26-unit RV park in Angleton, TX. This park is located three miles south of downtown Angleton And 10 miles from Freeport.. The park offers quiet, shaded sites and offers easy access to the angleton fishing and hunting reservoir and Angleton’s many lakes. Stonecrest RV Park is strategically positioned nearby Freeport's many large plant expansion projects. Stonecrest is being offered at an 9.78 percent capitalization rate with an estimated net operating income of $88,027. The park is features 25 full-service RV sites, 24 of which are concrete, a single family house, an unfinished amenity building covering one of the spaces, one site that is grass and needs a pedestal, and free WiFi throughout the park. The Park charges a monthly rate of $525, weekly rate of $175, and a daily rate of $60. A majority of the income comes from the monthly tenants. The Park runs on well water and septic sewer. The water, sewer, trash, and electricity are all included in rent. There is an on-site manager that receives $400 monthly and free rent in the single family house. The manager is not able to stay on with the new owner. This provides upside by leasing out the recently built home.