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RV Park

Country Escape RV Park

11715 FM442, Boling-Iago, TX 77420

Listing Price: $1,800,000

Cap Rate
9.07%
Number of Spaces
39
Lot Size
32.46 acres
Occupancy
92.0%
Price/Space
$46,154
Spaces/Acre
1.20
Year Built
2017

Investment Overview

Marcus & Millichap is pleased to present Country Escape RV Park a 39-space RV park in Boling, TX. The Park is being offered at a 9.07 percent capitalization rate with an estimated net operating income of $163,186. New buyer will acquire a park with high occupancy that has a country atmosphere. There are currently 38 RV spaces and one double-wide mobile home. Utilities at the park are all private. There is a well and a brand new septic system. Amenities that the park offers are WiFi, Swimming Pool, Hot Tub Spa, Clubhouse with Showers and Restrooms, Basketball area, Miniature Goats, Laundromat, Gated Entry, and Onsite Management (paid $2,200 and $500 rent credit per month). The current park only takes up about 10 acres of the 32.46 acres included in the sale. This leaves plenty of room for expansion as there is already electric set up for 10 additional spaces. There is a WiFi tower on the property that pays the park $200 a month and has reduced the parks internet bill to only $300 a month.

Investment Highlights

  • High Occupancy (92%)
  • 4,000 Acre Solar Farm in Wharton County Under Construction
  • Great Amenities Offered to Tenants
  • Gated Community, Private Utilities
  • 60 Miles Southwest of Houston

Exclusively Listed By

Financing By

RV Park

Country Escape RV Park

Listing Price: $1,800,000

Cap Rate
9.07%
Number of Spaces
39
Lot Size
32.46 acres
Occupancy
92.0%
Price/Space
$46,154
Spaces/Acre
1.20
Year Built
2017

Investment Highlights

  • High Occupancy (92%)
  • 4,000 Acre Solar Farm in Wharton County Under Construction
  • Great Amenities Offered to Tenants
  • Gated Community, Private Utilities
  • 60 Miles Southwest of Houston

Investment Overview

Marcus & Millichap is pleased to present Country Escape RV Park a 39-space RV park in Boling, TX. The Park is being offered at a 9.07 percent capitalization rate with an estimated net operating income of $163,186. New buyer will acquire a park with high occupancy that has a country atmosphere. There are currently 38 RV spaces and one double-wide mobile home. Utilities at the park are all private. There is a well and a brand new septic system. Amenities that the park offers are WiFi, Swimming Pool, Hot Tub Spa, Clubhouse with Showers and Restrooms, Basketball area, Miniature Goats, Laundromat, Gated Entry, and Onsite Management (paid $2,200 and $500 rent credit per month). The current park only takes up about 10 acres of the 32.46 acres included in the sale. This leaves plenty of room for expansion as there is already electric set up for 10 additional spaces. There is a WiFi tower on the property that pays the park $200 a month and has reduced the parks internet bill to only $300 a month.

Exclusively Listed By

Financing By

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