20 County Road NW 1030 - Specialty FOR SALE


Mount Vernon, TX 75457
$725,000 USD
281-377-4618
20 County Road NW 1030, Mount Vernon, TX for Sale
$725,000 USD
Specialty - FOR SALE
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20 County Road NW 1030
Mount Vernon, TX 75457


HIGHLIGHTS

  • The Lazy Frog RV Park offers 48 full hook-up RV spaces with 30/50 Amp electric.
  • Spanning 1,700 square feet featuring a stick-built home with three bedrooms and one-and-a-half bathrooms.
  • This is a value-add opportunity with the ability to adjust rent to align with local competitor pricing to maximize profitability.
  • new ownership has the opportunity to build a laundry facility by extending utilities to the building for added residence convenience.

OVERVIEW

20 County Road NW 1030 presents The Lazy Frog RV Park, which offers 48 full hook-up RV spaces with 30/50 amp electric. 31 of the 48 pads were recently installed and are separately metered. There is one 1,700-square-foot stick-built house with three bedrooms and one-and-a-half bathrooms, ideal for a long-term, on-site manager who would take care of mowing and maintenance. There is also a 16-by-30-foot building as the park's on-site office with free Wi-Fi. The property is fully fenced in, has security cameras, is pet-friendly, offers lots of shade, and has been home to many long-term residents. There is over 400 feet of highway frontage and over 300 feet of county road frontage. Residents' utilities are included in rent amounts, and 31 newly added spaces have separate meters. This is a premier value-add opportunity as new ownership can raise rents to local competitor pricing, bill back electricity to the 31 new spaces, advertise the park to increase occupancy, and/or build a laundry facility by running utilities to the office building. Inquire today to learn more about this Franklin County investment opportunity. Seller financing is available.

FOR SALE DETAILS

PRICE

$725,000 USD

CAP RATE

8.39%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Lazy Frog RV Park

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.13 AC

LAND SF

223,463 SF

ZONING

-

APN/PARCEL ID

20534

ASK ABOUT THIS PROPERTY

Billi DavisIRE InvestmentMore Info
281-377-4618

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Billi DavisIRE InvestmentMore Info
281-377-4618

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