1845 OleanderBolivar Peninsula, TX 77650

Property Details for 1845 Oleander

Year built

2024

Property type

Mobile home & RV parks

Description

This exceptional investment opportunity presents a thriving, turnkey RV resort situated in the desirable Bolivar Peninsula, Texas. The property, boasting a prime location just two blocks from the beach, comprises three lots totaling 7,500 square feet, each featuring a newly constructed (2024) stationary park model RV rental. These three units, generating immediate income through short-term rentals, are equipped with dual AMP capacity and city water hookups. Each unit includes a private picnic table, park grill, and a plunge pool (with optional heating). The resort also offers convenient amenities for guests, including a community fire pit, a dog station, and a storage building with power and water. The property is enclosed on three sides by rope fencing, providing a secure and inviting atmosphere. With a current occupancy rate of 67% and a projected net operating income (NOI) of $45,000, this Class B property offers a compelling pro-forma cap rate of 10.02%. The asking price is $449,000, translating to approximately $149,667 per pad. The property includes five parking spaces. Financial projections are based on comparable local RV vacation rentals. This is an owner-user investment opportunity in a popular tourist destination, offering easy access to the beach, shopping, and dining. The existing vacation rental management system ensures a smooth transition for the new owner.

Location Insight

City

Bolivar Peninsula

County

Galveston

State

Texas

Latitude

29.4532

Longitude

-94.634

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