3424 Fm 13 Henderson, TX 75654

This fee-simple Henderson, Texas RV park presents a compelling value-add investment opportunity. The 10.84-acre property boasts 40 RV pads, currently 85% occupied (34 pads) by long-term tenants, generating a stable income stream. Each pad currently rents for $450 per month, with additional revenue from electric bill-backs. A proposed $50 monthly flat fee for water, sewer, and trash services offers significant revenue growth potential. The park benefits from existing city water and septic systems, minimizing maintenance costs and ensuring consistent occupancy. One park-owned home provides additional income. The property features a current NOI of $89,339 and a pro-forma NOI of $164,315, reflecting a current cap rate of 8.12% and a pro-forma cap rate of 14.94%. The asking price is $1,100,000, representing a price per pad of $27,500 and a price per square foot of $2.32 (472,190 square feet). Located in a growing area with convenient access to transportation and amenities, this park offers both immediate cash flow and significant upside through rent increases and potential expansion given the ample acreage. The property's strong financials, stable tenancy, and value-add potential make it an attractive acquisition for investors seeking a robust return.