Investment Overview

Marcus & Millichap is pleased to present Water Tower RV Park a 42 space RV Park in West Orange, TX. The park is the only RV Park allowed within the city of West Orange according to local ordinance 3 58-A. It is the closest RV park to the multi-billion dollar Golden Triangle Polymers plant and also a quarter mile from “chemical row” which includes several other chemical plants which all require thousands of jobs, giving the area consistent demand for workforce housing for years to come. Water Tower RV Park is being offered at a 9.18 percent capitalization rate with a current net operating income of $179,068. A ll 42 spaces are back-ins with concrete roads and pad sites throughout. The park caters to monthly, long term tenants and has maintained an average of 93% occupancy since opening. Monthly rental rates range from $500-$700 and are adjusted based on demand. Amenities include high speed internet and cable television. The park operates on city water and sewer. It is currently managed by a lady who lives about a block from the property. She is responsible for answering the phones, getting leases signed, depositing rent collections. Her husband also handles small maintenance issues. Please do not visit the property without prior approval. All tours should be scheulded through a Marcus & Millichap agent.