For Sale Ask for pricing - Residential, RV Park

Property For Sale

Price:
$3,100,000
No. Spaces:
67
Price/Space:
$46,268.66
Property Type:
Multifamily
Property Sub-type:
Mobile Home/RV Community
Property Use Type:
Investment
Cap Rate:
7.50%
Occupancy:
100%
Year Built:
1940
Lot Size:
11.35 A
APN / Parcel ID:
Multiple

Highlights

  • Product functions similarly to a mobile home park based on the permanent residents, low turnover and stable cash flows
  • In-place rents are approximately 9% below market, posing for upside to the investor
  • Significantly strong region – market occupancies among competing parks are also 100% with 2- to 3-year wait lists
  • Expansion land allows for the development of additional sites
  • Single-Family residence included with the sale
  • One mile from Lake Travis and 30 minutes from Downtown Austin

Financial Summary

Space Mix Information

  • Actual
  • 2016
  • $281,520
  • $292,371
  • $187,364
  • $105,007
  • $105,007

Multifamily

Property on Map

Similar Properties