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RV Park

Mesquite RV Park

11924 US-83 BUS, La Feria, TX 78559

Listing Price: $900,000

Cap Rate
10.02%
Number of Spaces
47
Lot Size
3.04 acres
Occupancy
65.0%
Price/Space
$19,149
Spaces/Acre
15.46
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to present Mesquite RV Park, a 47-space RV Park in La Feria, TX. The park is located just off US-83 Business and is just 30 Minutes away from both McAllen and Brownsville.

Mesquite RV Park is being offered at a 10.02 percent capitalization rate with an estimated net operating income of $90,204. The park has 47 total RV lots, paved roads and concrete slabs, a Clubhouse with a game room, and a laundry room with three washers and three dryers. The park charges a monthly rate of 350-425 plus electric. Other parks in the area charge between 400-520 plus electric.

The park runs on city water and a septic system. Water, sewer, and trash are all included in the rent. Electricity is sub metered and paid for by the tenant. Management is currently being compensated at $10,600 a year. Please do not visit the park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.

Investment Highlights

  • Value Add
  • City water and septic
  • Submetered Electric

Exclusively Listed By

Financing By

RV Park

Mesquite RV Park

Listing Price: $900,000

Cap Rate
10.02%
Number of Spaces
47
Lot Size
3.04 acres
Occupancy
65.0%
Price/Space
$19,149
Spaces/Acre
15.46
Year Built
2004

Investment Highlights

  • Value Add
  • City water and septic
  • Submetered Electric

Investment Overview

Marcus & Millichap is pleased to present Mesquite RV Park, a 47-space RV Park in La Feria, TX. The park is located just off US-83 Business and is just 30 Minutes away from both McAllen and Brownsville. Mesquite RV Park is being offered at a 10.02 percent capitalization rate with an estimated net operating income of $90,204. The park has 47 total RV lots, paved roads and concrete slabs, a Clubhouse with a game room, and a laundry room with three washers and three dryers. The park charges a monthly rate of 350-425 plus electric. Other parks in the area charge between 400-520 plus electric. The park runs on city water and a septic system. Water, sewer, and trash are all included in the rent. Electricity is sub metered and paid for by the tenant. Management is currently being compensated at $10,600 a year. Please do not visit the park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.

Exclusively Listed By

Financing By

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