Turnkey 50-Unit RV Park with Significant Upside Potential. Proforma NOI of $316,807 and proforma cap rate of 10.9%.
Prime Location: Conveniently located just a 10-minute drive from Sherman, TX, with excellent visibility from Hwy 82 and over 10,000 vehicles passing daily.
Turnkey Investment Opportunity: Newly built 50-lot RV park on 20 acres of natural landscape, offering stabilized occupancy and steady income potential.
Long-Term Tenant Base: The park is primarily occupied by long-term tenants, drawing clients from nearby Sherman, a major employment hub in the region.
Value-Add Potential: Increase income by bringing rents to market, adding more RV covers, carports, storage sheds, and by developing additional RV lots.
Ideal for Operators or Investors: Perfect for hands-on operators or investors hiring an on-site manager. Beautifully crafted on-site log cabin serving as the office, laundry facility, tenant showers/restrooms, and manager’s living quarters.