For Sale
$880,000

375 Garner- Adell RdWeatherford, TX 76088

Texas RV Park - High Growth Potential

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional value-add opportunity awaits with this 80-space RV park situated on 6.69 acres in Weatherford, Texas, just west of Fort Worth. Currently operating at 15% occupancy, this property presents significant upside potential through strategic improvements and marketing initiatives. The asking price is $880,000, with a pro-forma NOI of $129,574 and a pro-forma cap rate of 14.72%. The park boasts a serene creek-front setting, offering residents a tranquil escape. Existing infrastructure includes a clubhouse with an apartment/office and bathroom facilities, currently underutilized. Upgrades could include renovating the clubhouse, adding amenities like laundry facilities and high-speed Wi-Fi, and implementing a targeted marketing plan to increase occupancy. The seller is offering attractive financing terms. This property benefits from its location in a rapidly growing market, presenting an ideal investment opportunity for those seeking immediate occupancy improvement and long-term revenue growth. The park's strategic position between Weatherford and Mineral Wells provides access to two thriving communities. The existing 80 RV pads offer ample space for expansion and improvement. This is a rare chance to acquire a well-established RV park with substantial upside potential in a desirable location.

Highlights

  • Significant value-add potential through rate increases, property improvements, and enhanced marketing.
  • Enjoyable setting with creekside views, fishing, and wildlife viewing.
  • Excellent location in rapidly growing Weatherford and Mineral Wells markets, west of Fort Worth.
  • Immediate occupancy gains possible via rental rate adjustments.
  • Attractive seller financing available.
  • Underutilized clubhouse with apartment/office and bath facilities offers significant amenity upgrade potential.

Property Details for 375 Garner- Adell Rd

Property type
Mobile home & RV parks, Campgrounds
Buildings
1
Lot Size (sq. ft)
291,416 SF
Units
80

Location Insight

City
Weatherford
County
Parker
State
Texas
Latitude
32.8387731
Longitude
-97.9838326
375 Garner- Adell Rd, Weatherford, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
375 Garner- Adell Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message