Rancho Grande Rv Park 2022 US-67 45 Unit Mobile Home Park $395,000 ($8,778/Unit) 11.25% Cap Rate Rankin, TX 79778
INVESTMENT HIGHLIGHTS
- located in the heart of the Permian Basin
- 45 generously sized RV spots
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $395,000 |
| Price Per Unit | $8,778 |
| Sale Type | Investment |
| Cap Rate | 11.25% |
| Sale Condition | Business Value Included |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 87,120 SF |
| No. Stories | 1 |
| Year Built | 2019 |
ABOUT 2022 US-67 , RANKIN, TX 79778
Welcome to the Rancho Grande RV Park, located in the heart of the Permian Basin just west of Rankin, TX on Highway 67. Rancho Grande RV Park offers 45 generously sized RV spots, each meticulously designed to provide guests the utmost comfort and convenience. With extra-wide spaces measuring 30 ft in width and 45 ft in length, there's plenty of room for visitors to relax and recharge in their own private space. The RV park has two septic systems, a water well, and electric hookups at each RV spot. An on-site laundromat ensures that laundry needs can be conveniently addressed, making the stay more enjoyable. Rancho Grande RV Park is poised to provide a welcoming and convenient retreat for travelers in the Permian Basin, a region with significant economic activity, making it an attractive investment. Don't miss this chance to make Rancho Grande RV Park your own. Contact us today to seize this fantastic investment opportunity! A property manager is in place and willing to stay if desired.
PROPERTY TAXES
| Parcel Number | R5183 | Improvements Assessment | $0 (2024) |
| Land Assessment | $5,595 (2024) | Total Assessment | $5,595 (2024) |
