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Interstate 20 - RV Park/Prime Location 14102 County Road 431

46 Unit Mobile Home Park $4,473,920 CAD ($97,259 CAD/Unit) 5.30% Cap Rate Tyler, TX 75706

INVESTMENT HIGHLIGHTS

  • 5.3% Cap Rate & 8.5% Pro Forma Cap Rate
  • 46 Spaces with 6 Additional Acres for Future Development
  • Located on I-20

EXECUTIVE SUMMARY

Nestled along Interstate 20, this strategically located RV park has excellent accessibility and presents an opportunity to capitalize on the rapidly growing tourism and hospitality industry in Tyler, Texas.
With an impressive 46 spacious RV spots and 70% vacancy rate, this RV park offers a tremendous potential for income generation. Imagine the possibilities of transforming this already successful venture into a profitable asset, attracting visitors seeking the perfect blend of comfort, convenience, and adventure.
The RV park sits on 4.5 acres, but the sale includes an additional 6 acres for long-term growth and expansion. The property can accommodate RVs up to 70ft. Other features include 30/50 amp, full hookups at all sites, padded & gravel sites, pull thrus, showers, restrooms, laundry facility, 3500 sqft. main facility, and outdoor common areas.
Owner financing is available.

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $377,011 $107.72
Other Income - -
Vacancy Loss - -
Effective Gross Income $377,011 $107.72
Taxes - -
Operating Expenses - -
Total Expenses $139,977 $39.99
Net Operating Income $237,034 $67.72

FINANCIAL SUMMARY (ACTUAL - 2023)

Gross Rental Income (CAD)
Annual $377,011
Annual Per SF $107.72
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $377,011
Annual Per SF $107.72
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $139,977
Annual Per SF $39.99
Net Operating Income (CAD)
Annual $237,034
Annual Per SF $67.72

PROPERTY FACTS

Price $4,473,920 CAD
Price Per Unit $97,259 CAD
Sale Type Investment
Cap Rate 5.30%
No. Units 46
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Building Class C
Lot Size 10.55 AC
Building Size 3,500 SF
Average Occupancy 70%
No. Stories 2
Year Built 1955
Opportunity Zone Yes

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-00000-0504-00-018030
Land Assessment
$229,203 CAD (2024)
Improvements Assessment
$695,147 CAD (2024)
Total Assessment
$924,350 CAD (2024)

ZONING

Zoning Code N/A
N/A
  • Listing ID: 28738640

  • Date on Market: 2023-06-13

  • Last Updated:

  • Address: 14102 County Road 431, Tyler, TX 75706

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