Contact Information
Joe Foody
Mobile Home Park Details
- Price: Call for Price
- Purchase Method: Cash, Seller Financing
- Listing ID: 6731158
- Posted On: Sep 18, 2024
- Updated On: Sep 18, 2024
Description
Joe Foody
561.926.4858
Prime Investment Opportunity at Lake O' the Pines, Texas
Unlock the potential of this turnkey investment property with significant room for expansion and diversification, ideally situated across from Lake O' the Pines State Park entrance at Brushy Creek. This rare opportunity offers a chance to own and develop a comprehensive complex with multiple revenue streams and exciting growth prospects.
Property Highlights:
- 10-acre parcel with multiple rental units, on-site restaurant, and ample space for expansion , NO zoning restrictions.
- Prime location: Directly across from Lake O' the Pines State Park entrance
## Current Property Details:
1. 11 Single-Bedroom Cabins and a couple small 2 bedroom 1 bath
- Potential monthly rental income: $650 per cabin
- Weekend rental potential: Higher rates for fishing tournaments and peak seasons.
Previous owner was renting out beds for 675.00 a month. to a local organization.
Bull Frog marina is about 10 minutes away and they rent their cabins for 100 a night with a two night minimum.
2. Two 4-Bedroom Mobile Homes
- Potential monthly rental income: $1,250 per home or more
3. On-Site Restaurant
- Currently vacant, ready for your concept or leasing opportunity
- Potential to serve both guests and the general public
4. Total Potential Monthly Rental Income: $9,650 (based on long-term rentals, excluding restaurant revenue)
## Expansion and Development Opportunities:
1. Additional Accommodations
- 10 acres can fit a heck of alot of homes and cabins.
Value add property.
2. Restaurant Renovation
- Revitalize the existing on-site restaurant
3. Laundromat
- Opportunity to add a laundromat for guest use and potential public access as the state park does not have any amenities,
4. Canoe and Kayak Rentals
- Capitalize on the lakefront location with water sport equipment rentals state park only has campsites and RV sites.
## Investment Potential:
- Established rental complex with proven demand and room for substantial growth
- Opportunity for immediate cash flow with existing units
- Multiple potential revenue streams: accommodations, dining, laundry services, and equipment rentals
- Ideal for mixed-use: long-term rentals, vacation rentals, and tournament accommodations
- Potential for phased development to gradually increase property value and income
## Location Benefits:
- Year-round appeal for outdoor enthusiasts, tourists, and long-term residents
- Direct access to Lake O' the Pines for fishing, boating, and water sports
This property is currently underutilized, with all units and the restaurant vacant and in need of minor renovations. This presents an excellent opportunity for an investor to:
- Refresh and reopen existing units and the restaurant
- Expand the number of units and expand your profit.
- Add new amenities like a laundromat and water sport equipment rentals
- Potentially increase rental rates and overall property value
Don't miss this chance to own a piece of East Texas paradise with strong income potential and significant room for expansion. This property offers the unique opportunity.
Location
Across form the entrance to the state park
Park Information
Community Type: | All Age |
Number of MH Lots: | 11 |
Total Occupancy: | 0.0 % |
Average MH Lot Rent: | $650 |
Size: | 11 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | Septic |