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60 Space RV Park + 3 Mobile Homes - Only $15,000 per space

Ozona, TX (Crockett County)

Seller Financing Available
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Asking Price: $945,000

Cash Flow: N/A

Gross Revenue: $300,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $450,000

Established: 2014

60 Space RV Park + 3 Mobile Homes - Only $15,000 per space

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Business Description

Southridge RV park in Ozona Texas is located within the southern edge of the Permian Basin. The park has 60 total spaces renting for $500 per month and an additional three park model homes renting for $1900 each per month. The park maintains occupancy between 60% and 90% due to energy production and infrastructure development in oil, gas, solar, and wind related operations and services in the region. The park is ideally situated on the south side of town directly on Highway 163 and just over one mile from Interstate-10. Cap rate of 17.5% on 2019 actual income and 18.5% cap rate on 2019 pro forma. Upside by charging back each monthly site for electric utilities and raising rents

Attached Documents


Detailed Information

Location:
Ozona, TX
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,000
Employees:
1
Facilities:
Laundry room. Parking, City Utilities
Competition:
Property has local property manager & 3rd party management. Ideal for out of state investor. 2019 has been most profitable year since opening in 2014. Property is well maintained and has city utilities for water, sewer & trash. Shortage of Housing Options in Ozona or Nearby Towns
Growth & Expansion:
New construction projects in the county will increase occupancy next year
Support & Training:
Yes / Yes
Reason for Selling:
Purchase Another Property
Business Website:
http://www.crexi.com/properties/222256/texas-southridge-rv-park
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Bob Kaplan

Business Listed By:
Bob Kaplan

Marcus & Millichap

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