41620 FM510

This RV Park is in an ideal location for travelers passing through South Texas, or for permanent South Texan residents. The owner is an older gentleman who stopped marketing/promoting the RV park after COVID. He currently only rents out the permanent buildings to tenants. This is a perfect opportunity to start promoting and running the park as-is, or to build additional RV spots to add value to the property and maximize profit. Assets included on the property: ● 6 developed acres: electric, water, 3 septics ● Single Family Home: 3 bed 2 bath, 1,464 sq ft ● Doublewide Home: 3 bed 2 bath, 1,248 sq ft ● Two Park Model Homes: 400 sqft each ● 12 RV Spots: 20 X 15 Pads, 100 amp pedestals ● Large Storage Building + Unfinished Efficiency Apartment Location: The best part about the property is its location ● 15 minutes from South Padre Island (Massive vacation, tourism, travel destination) ● 30 minutes from Brownsville (Rapidly growing economy including Elon Musk’s SpaceX) ● 40 minutes from McAllen/Edinburg (Exploding economic and population growth) ● 30 minutes from Donna (Hot spot for RV travelers and a popular ‘winter Texan’ destination) Recommended repairs: ● Level land around RV pads to reduce puddles when it rains: $15-20K Optional renovations: ● Finish Efficiency Apartment: $15-20K ● Add 38 additional RV spots: $190-$200K (Entire park is wired to fit 50 total RV spots) ● Improve landscaping and cosmetics: $10K Purchase Price: $550K Owner Finance Terms: Expenses: $1,100 - $1,200/mo - Taxes = $250 - Insurance = $200 - Water/Electric = $400 - Lawn care = $250-$350 Sale Price ● $300K down, $250K financed ● 10 yrs amortized ● 3.5% interest ● Monthly principal + interest payment = $2,472.15 Financials The owner is an older gentleman who stopped marketing/promoting the RV park after COVID. He currently only rents out the permanent buildings to tenants and invests nothing into the park besides minor repairs. Everything is off-the-books; no lease agreements in place. Current Active Income: $2,800/mo ● Single Family Home: Currently rents for $1,300/mo ● Two Park Model Homes: Currently rent for $750/mo each Unrealized additional income that can be captured without renovations: $8,500/mo ● 12 active RV Spots: $350 a month ● Doublewide:$1,300 per month