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Property profile & analytics
OFF-MARKET
Mobile home & RV parks

1845 Oleander Bolivar Peninsula, TX 77650

Built 2024
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Mobile home & RV parks
Year built 2024
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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