10537 Fm 616, Lolita, TX 77971
This exceptional investment opportunity in Lolita, Texas, presents a unique blend of commercial and residential income potential. Situated on a 0.96-acre lot, the property boasts 15 established RV spots, ideal for accommodating traveling workers or long-term residents. Adding to its versatility, a fully furnished manufactured home provides substantial rental income. This home is designed for multiple occupancy, comfortably housing four separate tenants. Each tenant enjoys a private bedroom, bathroom, sink vanity, and shower, ensuring privacy and convenience. Shared amenities include a fully equipped kitchen, dining area, and laundry facilities (washer and dryer). A spacious shared porch and yard offer ample outdoor space for relaxation and parking. The property's strategic location, approximately 11 miles from Formosa Plastics and 20 miles from the coast, positions it to benefit from the area's economic growth and increasing demand for housing. The proximity to major employers makes this an attractive option for workers seeking convenient and comfortable accommodations. This property presents a strong investment opportunity with potential for significant returns. The combination of RV spots and a multi-unit manufactured home provides diverse income streams, making it an attractive asset in a growing market. The property is priced at $230,000.
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Lolita RV Park Campground & RV Park
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.