501 Byrd St Crane, TX 79731

Property Details for 501 Byrd St

Lot size

2.07 lot acres

Property size

299 SF

Property type

Commercial real estate

APN

8289

APU

8289

Description

This thriving 34-space RV park in Crane, Texas, presents a compelling investment opportunity. Situated on a 2.07-acre lot, the property boasts two buildings, including a rental cabin and a duplex, currently generating $1,550 in monthly rent from month-to-month tenants. The RV park itself features 34 pads with an 85% occupancy rate, averaging approximately $500 per month in rent per space. The park provides all utilities (water, sewer, trash, electricity) to its residents. Built in 2017, this Class B property offers significant value-add potential. Opportunities include adding more cabin rentals, installing an ice machine, or implementing wifi services. The proximity to a laundromat suggests the potential for adding a coin-operated laundry facility as an additional revenue stream. The property's strong financial performance is reflected in its $649,900 asking price, $98,000 NOI, and impressive 15.08% cap rate. The property is offered for sale by owner and features 37 total units. The price per unit is $17,564.86. City water and a septic system are in place. This is a fantastic opportunity for an owner/user seeking a high-return investment with considerable upside.

Location Insight

City

Crane

County

Crane

State

Texas

Longitude

-102.362

Latitude

31.3963

Property Tax & Assessments