17729 Crk 1100 Flint, TX 75762

This exceptional investment opportunity presents a 32,360-square-foot RV and boat storage facility situated on 4.939 acres in Flint, Texas. The property comprises three buildings constructed in 2006, 2018, and 2023, offering a total of 71 units. Currently operating at 62% occupancy, with ongoing leasing efforts focused on the newest building, the property boasts a strong potential for increased profitability. The current Net Operating Income (NOI) is $54,775, with a pro-forma NOI projected at $116,045, reflecting an impressive pro-forma cap rate of 8.60%. The asking price is $1,350,000, translating to $41.72 per square foot and $19,014.08 per unit. The property benefits from a prime location on Highway 155 South, boasting 19,370 vehicles per day, and offers significant expansion potential with 1.7 acres of undeveloped land available for future development. This presents a unique chance to capitalize on the high demand for RV and boat storage in the area, offering immediate cash flow and substantial long-term growth prospects. The property is not currently zoned.