605 Lakeshore Ln - Manufactured Housing/Mobile Housing FOR SALE


Bandera, TX 78003
$469,900 USD
210-878-6683
605 Lakeshore Ln, Bandera, TX for Sale
$469,900 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/33
null | 9.37% Cap Rate

605 Lakeshore Ln
Bandera, TX 78003


HIGHLIGHTS

  • 9.37% Cap Rate with 18.25% Upside (no CapEx needed to achieve)
  • Robust Infrastructure Floor: Dual water sources (municipal and private well) and fiber-optic connectivity
  • Expansion-Ready Footprint: Immediately increase your inventory and NOI by developing additional pre-planned RV sites
  • Management Quick Wins: Massive upside available through minor operational shifts such as implementing online booking, allowing short-term guests, etc.
  • Built-in Diversification: A recession-resistant mix of short-term vacationers, cross-country travelers, and long-term residents
  • Optimized for Remote Ownership: Meticulously designed for ease of maintenance and minimal on-site oversight

OVERVIEW

Rare Cash Flowing Hill Country Investment Opportunity: Medina River RV Park and Camping. Secure a turnkey, cash-flowing property on the Medina River between San Antonio and Bandera. This meticulously maintained park features 16 full-hookup 20/30/50-amp RV sites and 2 camp sites, with ample space to add at least 6 more RV sites for immediate expansion. The property currently operates at a strong 9.37% cap rate with a projected 18.25% pro-forma upside achievable through simple operational adjustments like online bookings, rate optimization, and accepting short-term guests (no capital expenditure required as the infrastructure is already in place for growth). The park offers an incredible utility moat including dual water sources with both city water and a private well, 6 metered electrical poles, high-speed fiber internet, and 6 permitted conventional septic systems designed for high capacity. Guest-centric amenities include on-site laundry, shower and restroom facilities, a park office with storage, covered RV and boat storage, and exclusive riverfront park access. Strategically designed for remote management, the property boasts extra-wide sites, mature trees for natural privacy, fencing, concrete pads, covered pavilions, and a park-owned security system. Ideally located for a diverse mix of short-term vacationers and long-term residents, this park offers the perfect combination of buy-and-hold stability and massive value-add potential. Capitalize on the untapped revenue streams of this high-performing Hill Country property. Schedule your tour today!

FOR SALE DETAILS

PRICE

$469,900 USD

PRICE/SF

$4 USD /SF

# OF UNITS

18

PRICE/UNIT

$26,106

CAP RATE

9.37%

% LEASED

55%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medina River RV Park & Camping

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments, Manufactured Housing/Mobile Housing, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.82 AC

LAND SF

122,839 SF

ZONING

Unrestricted Rear 2-Acres

APN/PARCEL ID

138545

ASK ABOUT THIS PROPERTY

Thomas Martinez, MBA, GRI, SFRLeverage Realty Consulting GroupMore Info
210-878-6683

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Thomas Martinez, MBA, GRI, SFRLeverage Realty Consulting GroupMore Info
210-878-6683

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