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RV Park

Tropical Gardens RV Park & Resort

609 24th St, San Leon, TX 77539

Listing Price: $2,650,000

Cap Rate
9.61%
Number of Spaces
96
Lot Size
5.04 acres
Occupancy
100.0%
Price/Space
$27,604
Spaces/Acre
19.05
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present Tropical Gardens RV Park & Resort, a 93 space RV Park ranging from 20 feet to 50 feet wide and 20 feet to 60 feet long. This property is a workforce driven RV Park located 36 miles southeast of Downtown Houston and 25 miles from Port of Galveston. The park is being offered at an 9.61 percent capitalization rate with an estimated net operating income of $254,673 . In addition to the spaces, the park has three rentable cabins that include two park model RV’s and one site-built cabin that needs updating. VISIT THE PROPERTY WEBSITE https://tropicalgardensrvpark.com

Investment Highlights

  • All Bills Paid Rents Provide Opportunity for Added Value
  • Averaged Over 90% Occupancy for Majority of 2021
  • Two Acre Stock Pond and Dog Park Provide A Great Environment for Long Term Tenants

Exclusively Listed By

RV Park

Tropical Gardens RV Park & Resort

Listing Price: $2,650,000

Cap Rate
9.61%
Number of Spaces
96
Lot Size
5.04 acres
Occupancy
100.0%
Price/Space
$27,604
Spaces/Acre
19.05
Year Built
1980

Investment Highlights

  • All Bills Paid Rents Provide Opportunity for Added Value
  • Averaged Over 90% Occupancy for Majority of 2021
  • Two Acre Stock Pond and Dog Park Provide A Great Environment for Long Term Tenants

Investment Overview

Marcus & Millichap is pleased to present Tropical Gardens RV Park & Resort, a 93 space RV Park ranging from 20 feet to 50 feet wide and 20 feet to 60 feet long. This property is a workforce driven RV Park located 36 miles southeast of Downtown Houston and 25 miles from Port of Galveston. The park is being offered at an 9.61 percent capitalization rate with an estimated net operating income of $254,673 . In addition to the spaces, the park has three rentable cabins that include two park model RV’s and one site-built cabin that needs updating. VISIT THE PROPERTY WEBSITE https://tropicalgardensrvpark.com

Exclusively Listed By

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