104 E Springcreek Rd - Specialty FOR SALE


Olney, TX 76374
$475,000 USD
817-771-1360
104 E Springcreek Rd, Olney, TX for Sale
$475,000 USD
Specialty - FOR SALE
1/28
null | 9.2% Cap Rate

104 E Springcreek Rd
Olney, TX 76374


HIGHLIGHTS

  • 20-site RV park in Olney, TX — all spaces currently leased at $500/month
  • $10,000/month potential gross income from day one (up to $120K–$144K annually)
  • Tenants transitioning to pay electric = future NOI boost

OVERVIEW

20-site RV park in Olney, TX — all spaces currently leased at $500/month (will be 24 with the 4 additional lots across the street) $10,000/month gross income from day one (up to $120K–$144K annually) Tenants transitioning to pay electric = future NOI boost On-site laundry facility included Bonus: .87-acre parcel across the street City-approved for 4 additional RV pads Water/sewer in place, roads cut in — just needs electric hookups Located in growing town with high long-term rental demand Offered at $475,000 — turnkey income with expansion potential

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$4,241 USD /SF

CAP RATE

9.2%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Over Yonder RV Park, Olney TX

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.81 AC

LAND SF

122,404 SF

ZONING

MH

APN/PARCEL ID

7702,9189

ASK ABOUT THIS PROPERTY

Heather KingstonCates & CompanyMore Info
817-771-1360

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Heather KingstonCates & CompanyMore Info
817-771-1360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.