19230 Morris Ave - 52 Lot Income Producing RV Park in Manvel, TX
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19230 Morris Ave - 52 Lot Income Producing RV Park in Manvel, TX
10,400 SF Specialty Building Offered For Sale in Manvel, TX 77578
Investment Highlights
- This property has space for an additional 35 RV lots, offering the potential to increase gross revenue by an additional $231,000/year.
- Boasting 52 RV lots available for lease,this property offers a steady stream of income. Each lot is priced at a competitive $550 base rent.
- Multiple sources of income associated with the property (water resort, equipment rental, and RV lot rental).
- Excellent access, frontage and visibility along State Highway 6.
- 91% Occupancy as of September 2024.
- Over $200K+ of FF&E included with the sale of the business and property
Executive Summary
Gatsby Advisors Brokerage is excited to present Twin Lakes RV Resort in Manvel, TX, a 91% leased and stabilized asset offering a rare investment opportunity. This well-established business and property provide multiple revenue streams, enhancing its appeal and financial stability. Key income sources include RV lot rentals, which ensure consistent revenue from a high occupancy rate, water park admission fees from the resort’s popular water park, and equipment rentals that cater to both long-term and short-term guests. This diverse income structure positions Twin Lakes RV Resort as a resilient and lucrative investment with significant potential for growth.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 35.95 AC |
| Property Type | Specialty | Building Size | 10,400 SF |
| Property Subtype | Trailer/Camper Park | No. Stories | 1 |
| Building Class | C | Year Built | 2007 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 35.95 AC |
| Building Size | 10,400 SF |
| No. Stories | 1 |
| Year Built | 2007 |
PROPERTY TAXES
| Parcel Number | 6398-0424-140 | Improvements Assessment | $623,402 CAD |
| Land Assessment | $1,190,646 CAD | Total Assessment | $1,814,048 CAD |
PROPERTY TAXES
Parcel Number
6398-0424-140
Land Assessment
$1,190,646 CAD
Improvements Assessment
$623,402 CAD
Total Assessment
$1,814,048 CAD
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19230 Morris Ave - 52 Lot Income Producing RV Park in Manvel, TX
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