1402 Cherry StTomball, TX 77375

This exceptional 209-unit RV park, located at 1402 S Cherry St, Tomball, TX 77375, presents a compelling investment opportunity. Boasting a stabilized NOI of $1,000,000 and a 6.81% cap rate, with a pro-forma NOI of $1,080,000 and a pro-forma cap rate of 7.35%, this property offers significant potential for growth. Built in 2005, the single-story, 209-unit park is conveniently situated within Tomball city limits, offering easy access to nearby retail, medical, and office spaces. Amenities include an on-site manager's office, clubhouse, laundry room, store, propane sales, fitness center, and WiFi. All utilities (water, sewer, and garbage) are provided by the City of Tomball. This turnkey operation is offered for sale by owner at $14,700,000. The property's strong performance and desirable location make it an attractive investment for discerning buyers seeking a high-yield, stabilized asset in a thriving Texas market. The single building encompasses all 209 units. This is a rare opportunity to acquire a well-established and profitable RV park with significant upside potential.