16614 Echo Glen Dr Tyler, TX 75703
- Mobile home & RV parks
- 1.10 lot acres
Current Use by Public Records
- Tall Timbers RV Park / Rv Park / Electric Vehicle Charging Station
Property Details for 16614 Echo Glen Dr
- Year built
- 1984
- Lot size
- 1.10 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This well-maintained 14-unit RV park in Tyler, Texas, presents a compelling investment opportunity. Located on 1.1 acres within city limits, the property boasts city water and sewer hookups. Built in 1984 and renovated in 2020, it offers below-market rents, creating immediate upside potential for investors. Currently, there are vacant pad sites, offering further expansion possibilities. Adding amenities could also significantly increase revenue. The asking price is $550,000, translating to approximately $39,286 per unit. An adjacent single-family residence is available for an additional $299,900. This three-bedroom, two-bathroom home currently generates $1,795 in monthly rental income, with the tenant responsible for all utilities. The property owner's responsibilities include taxes, insurance, and maintenance. The park's location within a major Texas MSA, with its strong population and job growth, and proximity to the Dallas-Fort Worth area, ensures excellent regional accessibility and a robust tenant pool. This property offers a unique blend of established income and significant growth potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.3448684
- Latitude
- 32.2384929
