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    1845 Oleander Bolivar Peninsula, TX 77650

    For Sale
    $449,000

    Turnkey RV resort, high ROI potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a thriving, turnkey RV resort situated in the desirable Bolivar Peninsula, Texas. The property, boasting a prime location just two blocks from the beach, comprises three lots totaling 7,500 square feet, each featuring a newly constructed (2024) stationary park model RV rental. These three units, generating immediate income through short-term rentals, are equipped with dual AMP capacity and city water hookups. Each unit includes a private picnic table, park grill, and a plunge pool (with optional heating). The resort also offers convenient amenities for guests, including a community fire pit, a dog station, and a storage building with power and water. The property is enclosed on three sides by rope fencing, providing a secure and inviting atmosphere. With a current occupancy rate of 67% and a projected net operating income (NOI) of $45,000, this Class B property offers a compelling pro-forma cap rate of 10.02%. The asking price is $449,000, translating to approximately $149,667 per pad. The property includes five parking spaces. Financial projections are based on comparable local RV vacation rentals. This is an owner-user investment opportunity in a popular tourist destination, offering easy access to the beach, shopping, and dining. The existing vacation rental management system ensures a smooth transition for the new owner.

    Property Features for 1845 Oleander

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Year Built
    2024
    Buildings
    3
    Units
    3

    HighLights

    • Turnkey RV resort in Crystal Beach, TX, a popular tourist destination.
    • Prime location two blocks from the beach, near shopping and dining.
    • Three newly constructed (2024) Forest River Timberwolf 16ML park model RVs on three lots totaling 7,500 square feet.
    • Existing vacation rental management system in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Bolivar Peninsula
    County
    Galveston
    State
    Texas
    Longitude
    -94.634019
    Latitude
    29.45323

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - Turnkey RV resort, high ROI potential.
    Where is this multifamily property located?
    The property is located at 1845 Oleander Bolivar Peninsula, TX.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Turnkey RV resort in Crystal Beach, TX, a popular tourist destination.; Prime location two blocks from the beach, near shopping and dining.; Three newly constructed (2024) Forest River Timberwolf 16ML park model RVs on three lots totaling 7,500 square feet.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1845 Oleander Bolivar Peninsula, TX 77650
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