120 County Road 42000 - Specialty FOR SALE


Paris, TX 75460
$2,800,000 USD
469-608-9215
120 County Road 42000, Paris, TX for Sale
$2,800,000 USD
Specialty - FOR SALE
1/47
null | 10% Cap Rate

NEW


120 County Road 42000
Paris, TX 75460


HIGHLIGHTS

  • 100 rental units
  • Offered at a 10% cap : $2,800,000
  • Turn key business with strong & organized management and personnel in place
  • Opportunities to sell POH inventory, utilize booking engines (Airbnb, VRBO, etc), add RV storage
  • No flood zone
  • Tax incentive due to location within federally designated opportunity zone

OVERVIEW

JTACR Real Estate Group is pleased to present GTL Paris RV Park – a stabilized, fully turnkey business opportunity situated on the 4 lane US Highway 271. The property offers a wide range of rental options for customers, ranging from standard RV sites, tiny home rentals, mobile home rentals, storage units, covered RV sites, efficiency apartments, and an extra-large two-story suite with game room, loft and more (“The Castle”). These 100 rental units are comprised of 59 RV spaces, 14 park-owned RVs, 7 park-owned tiny home/mobile homes, 1 park-owned 2-story home, 2 apartments, 11 covered RV spaces, and 6 storage units. The park operates on city water and private septic. Utilities such as propane and electricity are paid for by the park and billed to residents. The current on-site park and maintenance managers are both willing to stay on board after the park sells. This opportunity is an ideal portfolio addition for local and / or regional operators but has the stability and systems in place for a national operator. Priced at a 10% capitalization rate, the property offers immediate cash flows based on current lender terms.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$1,618 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

GTL RV & Tiny Home Community

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Self Storage

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.96 AC

LAND SF

520,978 SF

ZONING

-

APN/PARCEL ID

128508

ASK ABOUT THIS PROPERTY

Jessie KoernerJTACR Real Estate GroupMore Info
469-608-9215

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Jessie KoernerJTACR Real Estate GroupMore Info
469-608-9215

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