100 Private Road 2905 Pittsburg, TX 75686
- Mobile home & RV parks
- 3.57 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 100 Private Road 2905
- Year built
- 1980
- Lot size
- 3.57 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional East Texas investment opportunity, TRI LAKES RV PARK, offers a compelling blend of established income and significant growth potential. Priced at $575,000, this Class B property boasts a 10.23% cap rate and a strong NOI of $58,820. The 3.57-acre park features 15 RV lots (currently 75% occupied at $300/month), 14 pads, and three buildings constructed in 1980. Income streams are diversified with a single-family home (1600 sq ft, 4/3 bath, leased at $1400/month, estimated value exceeding $250,000) and a tri-plex (units renting at $475, $500, and $750/month). The park is conveniently located in Pittsburg, TX (75686), near Dallas/Fort Worth and Texarkana, offering easy access while maintaining a tranquil atmosphere. The property benefits from proximity to state parks and lakes, attracting outdoor enthusiasts. Current expenses include lawn care ($1360 annually), general maintenance ($3072 annually), and electricity (approximately $1500+/month, sub-metered for RV spaces, included in tri-plex rent). Water is provided by Tri Sud Water. The existing infrastructure and established customer base provide a solid foundation for future expansion and development, making this a turnkey operation with substantial upside. Rent increases are warranted based on current market conditions. This is an ideal opportunity for an owner-user or investor seeking a high-return, multi-faceted commercial property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pittsburg
- County
- TITUS
- State
- Texas
- Longitude
- -94.9559
- Latitude
- 32.9584
