4909 Tucker Hill Ln Cedar Creek, TX 78612
- Mobile home & RV parks
- 4.00 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 4909 Tucker Hill Ln
- Lot size
- 4.00 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional investment opportunity presents a thriving 38-space RV park situated on approximately 4 acres in Cedar Creek, Texas, within Bastrop County. Priced at $1,950,000, this property boasts a strong 8.03% cap rate and a price per pad of $53,750. The park includes a furnished log cabin and a recently renovated 3-bedroom, 1-bathroom single-wide mobile home currently generating rental income via weekly room rentals. The location offers significant advantages, benefiting from proximity to the Austin metropolitan statistical area (MSA), Tesla, and other major employers including SpaceX/Boring Company, attracting a consistent base of workers in construction and related industries. The existing infrastructure provides a solid foundation for future growth, with potential to increase net operating income (NOI) through the development of additional RV pads and the addition of mini-storage units. Several park-owned homes are currently operating as Airbnbs, further enhancing revenue streams. This property is strategically located near the Travis and Bastrop county line, offering easy access to major transportation routes. This turnkey operation presents a compelling investment opportunity with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Creek
- County
- Bastrop
- State
- Texas
- Longitude
- -97.5227821
- Latitude
- 30.1813351
