224 Winding Way Buchanan Dam, TX 78609
- Mobile home & RV parks
- 6.96 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 224 Winding Way
- Year built
- 1980
- Lot size
- 6.96 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
Exceptional investment opportunity in Buchanan Dam, Texas. This established Class B RV park, known as Edgewater Resort, boasts 52 pads situated on a 6.96-acre lot at 224 S Winding Way, 78609. The property includes 5 cabins, 18 mobile home sites, a clubhouse, and a swimming pool, offering diverse income streams. Built in 1980, the park currently generates a Pro-Forma NOI of $190,000, representing a 7.31% Pro-Forma Cap Rate at an asking price of $2,600,000 ($50,000 per unit). The property's location on over 600 feet of Lake Buchanan waterfront presents significant redevelopment potential, including the possibility of marina expansion. This turnkey operation provides immediate cash flow and substantial upside for a savvy investor. The property is classified as a Mobile Home Park and Multifamily investment, ideal for those seeking a strong return on investment in a desirable Texas location. The park's existing infrastructure and diverse unit mix provide a solid foundation for future growth and profitability. Don't miss this chance to acquire a well-established, high-performing RV park with significant expansion potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buchanan Dam
- County
- Llano
- State
- Texas
- Longitude
- -98.4582
- Latitude
- 30.7528
