Investment Overview

Marcus & Millichap is pleased to present Classy RV Park, a 96-space RV park in Huntsville, Texas. The park is located off Highway 19, 1.5 miles from the Trinity River/Lake Livingston, and 13 miles from Sam Houston State University. Classy RV Park is being offered at a 7.50 percent capitalization rate with an estimated net operating income of $247,342. The Park has 96 total RV lots, 1+ acres of land for RV & boat storage, three-bedroom/two bath barndominium, front office, shop, propane refueling station, two laundry facilities (eight washers and eight dryers), three climate-controlled shower buildings/restrooms, a dog park/washing station, and a nature walking trail. Currently, 57 percent of the park are long-term residents that have been there for 6+ months. The Park historically operates at 90 percent occupancy. The Park charges a monthly rate of $490 for RV spaces and $75 for storage. Other parks in the area charge a monthly rate of $530-$600. The RV Park’s water is provided by Riverside Special Utility District. The sewer provider is the City of Riverside. The water, sewer, electric, trash, Wi-Fi, and cable are all included in the rent. The park has two lift stations. The current owners live on-site and manage the park. Please do not visit the park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.