For Sale
$1,321,250

352 Bradshaw Rd Springtown, TX 76082

Texas RV Park - 60 Sites, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 35% ownership stake in the established Bradshaw Sunset RV Park in Springtown, Texas. Located on six acres at 352 W Bradshaw Rd, 76082, this thriving park boasts 60 RV sites, each equipped with individual electric meters, water hookups, and sewer connections to a central septic system. Amenities include paved roads, synthetic turf, sprinklers, and some sites offer additional storage. Residents enjoy convenient access to Wi-Fi, laundry facilities, and a dog park. Two apartments and two short-term rental units further enhance revenue streams. The park is 100% complete and currently accepting leases, with on-site management ensuring consistent performance and immediate lease-up. Built in 2024, the park features two single-story buildings. The asking price is $1,321,250, representing a pro-forma cap rate of 8.41% and a pro-forma NOI of $511,480. The current occupancy is 5%, with an occupancy date of September 1, 2024, and a lease term of 0.5 years commencing September 1, 2024, and expiring February 28, 2025. Lease options are month-to-month, and rent bumps are included. The property is owned by a corporation and is sold as a 35% ownership interest. This is a stabilized investment with solid, repeatable performance, offering a clear path to success. The property's APN is R63097. The price per pad is $22,020.83.

Highlights

  • $1,321,250 asking price for a 35% ownership stake in a stabilized, Class B, six-acre RV park.
  • The park features 60 RV sites, two apartments, and two short-term rental units, totaling 64 units.
  • All sites have individual electric meters, water hookups, and sewer connections to a central septic system; amenities include paved roads, synthetic turf, sprinklers, some storage units, Wi-Fi, laundry facilities, and a dog park.
  • Experienced on-site management is in place, with a current 5% occupancy and projected 8.41% pro-forma cap rate, generating a $511,480 pro-forma NOI.
  • Property is located at 352 W Bradshaw Rd, Springtown, TX 76082, with a net-net lease, month-to-month lease options, and a sale by owner.

Property Details for 352 Bradshaw Rd

Property type
Mobile home & RV parks
Class
B
Year Built
2024
Buildings
2
Stories
1
Lot Size (sq. ft)
261,360 SF
Units
64

Location Insight

City
Springtown
County
Parker
State
Texas
Latitude
32.945744317392
Longitude
-97.695378152568

FAQs

What type of property is this?
Mobile home & RV park - Texas RV Park - 60 Sites, High ROI
Where is the mobile home & rv park located?
The property is located at 352 Bradshaw Rd Springtown, TX.
What is the asking price?
The asking price for this property is $1,321,250.
What are key features of this property?
This property features: $1,321,250 asking price for a 35% ownership stake in a stabilized, Class B, six-acre RV park.; The park features 60 RV sites, two apartments, and two short-term rental units, totaling 64 units.; All sites have individual electric meters, water hookups, and sewer connections to a central septic system; amenities include paved roads, synthetic turf, sprinklers, some storage units, Wi-Fi, laundry facilities, and a dog park.
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352 Bradshaw Rd
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