4620 Kennedale New Hope Rd Fort Worth, TX 76140-7808

Property Details for 4620 Kennedale New Hope Rd

Year built

1990

Lot size

5.75 lot acres

Property size

3,852 SF

Property type

Mobile home & RV parks

APN

9761G--A

APU

9761GA

Description

This exceptional Class A RV park, located in Fort Worth, Texas (Tarrant County, zip code 76140, at 4620 Kennedale New Hope Rd), presents a compelling lease-up opportunity. Boasting 103 spacious RV sites, each equipped with full hookups (water, sewer, hardwired fiber internet, and individually metered electricity), this 9.92-acre property offers significant upside potential. The park, completed in February 2024, features two buildings: a substantial clubhouse and a separate, recently updated 2000 sq ft, 4 bedroom, 2.5 bathroom home. The clubhouse includes seven full bathrooms, a laundry room with six washer/dryers, a game room with a kitchen and dining area, a workout room, three management offices, and a fully equipped outdoor kitchen. Two half-acre dog parks (one fully fenced) cater to pet owners. Currently operating at 55% occupancy as of August 1st, 2024, the pro-forma NOI is $856,665, yielding a 10.38% cap rate at an asking price of $8,250,000. The park's design fosters a strong sense of community, attracting residents seeking a stable, communal environment. Its convenient location between Dallas and Fort Worth, near I-20 and South Arlington, ensures high demand. This is a rare opportunity to acquire a high-quality, newly built RV park with substantial growth potential. The modified lease type and multi-tenancy structure offer flexibility.

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Longitude

-97.2241

Latitude

32.615

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments