Mobile Home Park

Midland's Family RV Park

7022 E County Rd 64, Midland, TX 79705

Listing Price: $1,780,000

Cap Rate
15.05%
Number of Spaces
60
Lot Size
5.00 acres
Occupancy
97.00%
Price/Space
$29,667
Spaces/Acre
12.00
Year Built
2018

Investment Overview

Midland’s Family RV Park is a 60-site RV park built in 2018 and located at 7022 East County Road 64 in Midland, Texas. The property is situated on 5 acres with amenities that include a playground, two dog parks, Direct TV, and high-speed internet, 30- and 50-amp sites and a new laundromat. The park operates on well water and two septic tanks per acre. The park pays all utilities. The city of Midland offers many local attractions including museums such as the Permian Basin Petroleum Museum, hiking and nature trails at the I-20 Wildlife Preserve, and the Susie’s South Forty Candy Factory which holds the Guinness World Record for the world’s largest piece of toffee. Some of the major employers in the area are the Midland Independent School District, Warrant Equipment Companies, and the Midland Memorial Hospital and Medical Center. According to worldpopulationreview.com, “Midland has also experienced a consistent population growth over the last few years, with a current growth rate of 4% for the year of 2020.” The asset is 3 miles away from the major highways State Highway Loop 250 and Interstate 20. The property is also less than 20 minutes away from the nearest Walmart and half an hour away from the Midland International Airport. With many large businesses and employers nearby there is a need for both long and short-term housing for residents. The current manager is open to staying on board for future ownership. Midland’s Family RV Park is being offered at a day one capitalization rate of 15.05% and a pro forma capitalization rate of 16.23%.

Investment Highlights

  • Offered at 15.05% Cap Rate Day One
  • Amenities: Laundromat, Playground, Dog Parks, High Speed Internet
  • Current Management Open to Staying for Future Ownership
  • 2018 Built RV Park

Exclusively Listed By

Mobile Home Park

Midland's Family RV Park

Listing Price: $1,780,000

Cap Rate
15.05%
Number of Spaces
60
Lot Size
5.00 acres
Occupancy
97.00%
Price/Space
$29,667
Spaces/Acre
12.00
Year Built
2018

Investment Highlights

  • Offered at 15.05% Cap Rate Day One
  • Amenities: Laundromat, Playground, Dog Parks, High Speed Internet
  • Current Management Open to Staying for Future Ownership
  • 2018 Built RV Park

Investment Overview

Midland’s Family RV Park is a 60-site RV park built in 2018 and located at 7022 East County Road 64 in Midland, Texas. The property is situated on 5 acres with amenities that include a playground, two dog parks, Direct TV, and high-speed internet, 30- and 50-amp sites and a new laundromat. The park operates on well water and two septic tanks per acre. The park pays all utilities. The city of Midland offers many local attractions including museums such as the Permian Basin Petroleum Museum, hiking and nature trails at the I-20 Wildlife Preserve, and the Susie’s South Forty Candy Factory which holds the Guinness World Record for the world’s largest piece of toffee. Some of the major employers in the area are the Midland Independent School District, Warrant Equipment Companies, and the Midland Memorial Hospital and Medical Center. According to worldpopulationreview.com, “Midland has also experienced a consistent population growth over the last few years, with a current growth rate of 4% for the year of 2020.” The asset is 3 miles away from the major highways State Highway Loop 250 and Interstate 20. The property is also less than 20 minutes away from the nearest Walmart and half an hour away from the Midland International Airport. With many large businesses and employers nearby there is a need for both long and short-term housing for residents. The current manager is open to staying on board for future ownership. Midland’s Family RV Park is being offered at a day one capitalization rate of 15.05% and a pro forma capitalization rate of 16.23%.

Exclusively Listed By

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