Investment Overview

Marcus & Millichap is pleased to present Manning RV Park, a 115-space RV park located in George West, TX. Situated just off US-281 and within close proximity to downtown George West, the park offers easy access for both long-term residents and short-term travelers. Many tenants reside at the park year-round, working in the surrounding area or visiting nearby Choke Canyon Reservoir. Manning RV Park is being offered at a 10.02 percent capitalization rate, with an estimated net operating income of $420,835. The property features a laundry facility and eight Acres of land that is available for expansion. The park consist of 56 RV Spaces rented at an average of $450 a month, 51 Cabins at an average monthly rent of $860, three Park Owned Mobile Homes that are rented out for $1,100 a month, and four Furnished RV's at $700 a month. This park also has a house that is rented out for $3,500 a month. The park is currently 70 percent occupied and that is typical of a yearly average. Water service comes from a 465 feet deep well on the property. Well maintenance is contracted out to ensure TCEQ approval. The park runs on a private septic system. Trash, Electric, Cable, and Internet are paid for by the owner. Please do not visit the park without prior approval. All tours must be scheduled through Marcus & Millichap agents.