RV Park 15% Cap day one, up for assignment

texas

#1

RV Park under contract with details as follows:

105 RV Lots with average lot rent of $400/month including all utilities
90% occupied
West Texas
City Water, 1/3 city sewer and 2/3 septic sewer
Park is clean and well kept, has amenities and needs very little to no immediate improvements.
Good manager on site

Sale Price of $1.25 M

The metro area is pretty rural, but wind energy, oil/gas, and utility industries are very strong right now.

Please let me know your questions and if there’s an opportunity for us to work together in some capacity, please call me directly at 214-906-2726