18957 Hwy 69Lindale, TX 75771
- Mobile home & RV parks
Property Details for 18957 Hwy 69
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional 17-unit RV park in Lindale, Texas, presents a compelling investment opportunity. Situated on 16 acres with 550 feet of road frontage on Hwy 69, this Class B property boasts 100% occupancy and a current NOI of $43,304, yielding a 4.81% cap rate. The pro-forma NOI is projected at $72,104, representing an 8.01% cap rate. Lot rents haven't been raised in over 10 years, presenting significant upside potential for increased revenue. Each unit commands a price of $52,941.18. The property features two water wells and individual septic tanks for each unit, minimizing operational expenses. Electricity is also separately metered. Conveniently located just 0.5 miles south of Loop 49, this RV park benefits from easy access to major transportation routes, making it highly attractive to tenants. Located within the Lindale ISD, this property offers substantial growth opportunities for a savvy investor. The asking price is $900,000. The mobile homes on the property are tenant-owned. The property generates a gross monthly income of $4,400.
Location Insight
- City
- Lindale
- County
- Smith
- State
- Texas
- Latitude
- 32.5424
- Longitude
- -95.4208
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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].