5401 County Road 75, Midland, TX 79707
- Mobile home & RV parks
- 43,560 SF
- 1.00 lot acres
Current Use by Public Records
- Park Place RV Park / Campground & RV Park
Property Details for 5401 County Road 75
- Year built
- 1996
- Lot size
- 1.00 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Manufacturing properties
Description
This exceptional investment opportunity presents a fully leased 17-unit RV park situated on a one-acre lot in Midland, Texas. The property boasts 43,560 square feet of land and features 17 individual RV spaces, each with its own parking. Currently generating a substantial annual net operating income (NOI) of $64,680, representing a 13.50% cap rate, this property offers a strong return on investment. Built in 1996, the park includes a coin-operated laundry facility with two washers and two dryers, adding approximately $250 per month to the income stream. All 17 spaces are currently leased, producing roughly $7,650 in monthly rental income. The property is conveniently located with easy access to East Loop 250, Business 20, and Interstate 20. The fenced lot is strategically positioned near various retail establishments, including Uncle's convenience store, Dollar General, and a hospital. Furthermore, the park benefits from its proximity to major industrial companies such as Pioneer Natural Resources, Basis Energy, Bird Electric, Enterprise Crude Oil, and Big D. The asking price is $479,000, translating to $11 per square foot and $28,176.47 per unit. This is an owner/user investment opportunity with a multi-tenant occupancy. The property includes a water well.
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Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.2616781
- Latitude
- 32.019466
