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RV Park

Angle Road Mobile Homes and RV Park

1902 E Carlos Truan Blvd, Kingsville, TX 78363

Listing Price: $417,000

Cap Rate
9.58%
Number of Spaces
28
Lot Size
2.14 acres
Occupancy
82.0%
Price/Space
$14,893
Spaces/Acre
13.08
Year Built
1995

Investment Overview

Marcus & Millichap is pleased to present Angle Road Mobile Homes & RV Park, a 28-space RV Park in Kingsville, TX. The park is located off E Carlos Truan Boulevard and is only a ten minute drive from Texas A&M University Kingsville. Angle Road Mobile Homes & RV Park is being offered at a 9.58 percent capitalization rate with an estimated net operating income of $39,958. The park has 28 total spaces, three of which have mobile homes in place with one of those mobile homes being park owned. The park has paved roads and concrete pads. Angle Road charges a monthly rate of $275. Other parks in the area charge between $350/month plus electric and $550/month with utilities included. The average annual occupancy is 82%.

The park runs on city water and sewer. Sewer and trash are included in the rent and there is a flat monthly rate of $25 for water. Electricity is billed directly to the tenant. Management is currently being compensated with a $275 monthly credit. Please do not visit the park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.

Investment Highlights

  • Value Add
  • Under Market Rents
  • City Water and Sewer
  • Submetered Electric

Exclusively Listed By

Financing By

RV Park

Angle Road Mobile Homes and RV Park

Listing Price: $417,000

Cap Rate
9.58%
Number of Spaces
28
Lot Size
2.14 acres
Occupancy
82.0%
Price/Space
$14,893
Spaces/Acre
13.08
Year Built
1995

Investment Highlights

  • Value Add
  • Under Market Rents
  • City Water and Sewer
  • Submetered Electric

Investment Overview

Marcus & Millichap is pleased to present Angle Road Mobile Homes & RV Park, a 28-space RV Park in Kingsville, TX. The park is located off E Carlos Truan Boulevard and is only a ten minute drive from Texas A&M University Kingsville. Angle Road Mobile Homes & RV Park is being offered at a 9.58 percent capitalization rate with an estimated net operating income of $39,958. The park has 28 total spaces, three of which have mobile homes in place with one of those mobile homes being park owned. The park has paved roads and concrete pads. Angle Road charges a monthly rate of $275. Other parks in the area charge between $350/month plus electric and $550/month with utilities included. The average annual occupancy is 82%. The park runs on city water and sewer. Sewer and trash are included in the rent and there is a flat monthly rate of $25 for water. Electricity is billed directly to the tenant. Management is currently being compensated with a $275 monthly credit. 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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