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16614 Echo Glen Dr Tyler, TX 75703

Sponsored
For Sale
$550,000

14-Unit RV Park, Excellent Potential

Description

Added:
Dec 11, 2024
Days on Market:
392
This well-maintained 14-unit RV park in Tyler, Texas, presents a compelling investment opportunity. Located on 1.1 acres within city limits, the property boasts city water and sewer hookups. Built in 1984 and renovated in 2020, it offers below-market rents, creating immediate upside potential for investors. Currently, there are vacant pad sites, offering further expansion possibilities. Adding amenities could also significantly increase revenue. The asking price is $550,000, translating to approximately $39,286 per unit. An adjacent single-family residence is available for an additional $299,900. This three-bedroom, two-bathroom home currently generates $1,795 in monthly rental income, with the tenant responsible for all utilities. The property owner's responsibilities include taxes, insurance, and maintenance. The park's location within a major Texas MSA, with its strong population and job growth, and proximity to the Dallas-Fort Worth area, ensures excellent regional accessibility and a robust tenant pool. This property offers a unique blend of established income and significant growth potential.

Property Features for 16614 Echo Glen Dr

General Information

Property type
Multifamily properties
Lot Size
47,916 SF

Building Details

Year Built/Renovated
1984/2020
Units
14

HighLights

  • 14‑unit RV park on 1.1 acres in Tyler, TX, within city limits, offering city water and sewer.
  • Built in 1984, renovated in 2020, with below‑market rents and vacant pad sites for expansion.
  • Asking price: $550,000 ($39,286 per unit).
  • Adjacent 3 bed/2 bath single‑family home available for $299,900, generating $1,795/month in rental income.
  • Excellent location in a major Texas MSA with strong population and job growth, near Dallas‑Fort Worth.
Property Profile Location Intelligence

Current Use by Public Records

Tall Timbers RV ... Rv Park

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Tyler
County
Smith
State
Texas
Longitude
-95.3448684
Latitude
32.2384929

FAQs

What type of property is this?
Multifamily property - 14-Unit RV Park, Excellent Potential
Where is this multifamily property located?
The property is located at 16614 Echo Glen Dr Tyler, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 14-unit RV park on 1.1 acres in Tyler, TX, within city limits, offering city water and sewer.; Built in 1984, renovated in 2020, with below-market rents and vacant pad sites for expansion.; Asking price: $550,000 ($39,286 per unit).
More about this property
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