Current Use by Public Records
- Mobile home & RV parks
Property Details for 195 Farm To Market 1545
- Lot size
- 25.19 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional investment opportunity presents a 25.19-acre RV park in Three Rivers, Texas, boasting 105 full hook-up sites equipped with 20/30/50 amp electric service. The park currently operates at 50% occupancy, generating a substantial net operating income (NOI) of $140,893, representing a compelling 10.06% capitalization rate on the $1,400,000 asking price. Amenities include on-site management with a dedicated office, restrooms and showers, coin-operated laundry facilities, park-wide WiFi, and private mailboxes for residents. The park's infrastructure includes city water, and tenants are billed separately for their utility usage. The majority of the tenant base consists of monthly renters, providing a stable income stream. Located at 195 Farm to Market 1545, Three Rivers, TX 78071, this property offers significant potential for increased occupancy and revenue growth, making it an attractive value-add investment. The substantial lot size also presents opportunities for future expansion and development. This is a turnkey operation ready for a new owner to step in and capitalize on its existing strengths and growth potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Three Rivers
- County
- Live Oak
- State
- Texas
- Longitude
- -98.2263
- Latitude
- 28.4552
