Off Market MHP + RV Park in Texas
I'm helping a friend sell his park in Kingsland, TX. This is two parcels, but he's selling as one "park." This is a fully stabilized asset.
$6,000,000 with a $3,000,000 seller finance option (6% with 5 year prepayment penalty)
18 Covered RV Sites @ $650 / month
46 Mobile Home Pads (fully occupied) - 23 POH, 23 TOH (all 2000's)
$556,000 income
$120,000 expenses (estimated)
Monthly Expenses
900 electric (but most is billed back to tenants)
3,000 water (city)
800 sewer (city)
1,200 landscaping for two parks
1,000 property taxes
tbd trash
450 internet, cable, phone
2,900 insurance
2,400 maintenance
Please reach out if interested and I'm happy to provide more details.
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Off Market MHP + RV Park in Texas
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