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Charlotte RV Park 494 Madero, Charlotte, TX 78011

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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0% (Actual)
  • Listing ID: 455799
  • Posted On: Jun 17, 2014
  • Updated On: Dec 22, 2014

Description

1.9 acres in the booming Eagle Ford Shale. Park has approximately 420 ft of HWY 97 frontage in Charlotte, TX. There are 13 RV slots with water, sewer and electric set up at each site. The property also has an efficiency apartment, 1800 sq ft house and laundry facilities. This is a great way to get in on the Eagle Ford Shale play.

Call Sara at Dowdy Real Estate (830)569-6883.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Total Occupancy: 90.0 %
Year Built: 2012
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $81,810
Operating Expense: $30,204
Net Operating Income: $51,606
Expense Ratio: 36.9 %

RV Information

Number of RV Lots: 13
Average RV Lot Rent: $425

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $1,400