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- LoopNet Team
772 Humble Camp Rd
Pleasanton, TX 78064
Vaquero RV Park · Land For Sale
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5.03 AC
INVESTMENT HIGHLIGHTS
- HIGH GROWTH MARKET
- FAVORABLE STATE INCOME TAX LAWS
- DEVELOPMENT VALUE-ADD OPPORTUNITY
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 5.03 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 5.03 AC |
DESCRIPTION
Partners is happy to present Vaquero RV Park, a 33-pad RV park in Pleasanton, Texas that is ready to be fully developed. Residents of Pleasanton who call Vaquero home enjoy the quick drive to work as the community is conveniently located off Highway 281. The park currently has a net operating income of $157,064 (8.7% cap rate). The property is 5 acres with 3 acres being undeveloped. Both Vaquero and the neighboring park are fully occupied. RV pads currently rent for $350 a month while the 24 park-owned RV's rent anywhere from $625-$725 a month. A laundry room/tool shed is featured on the property. The current property manager lives on one of the sites receives free rent worth $800 a month. The park runs on city water, sewer, and trash. Located in Pleasanton and right off Highway 281 all residents are long-term stays who occupy jobs in the surrounding area such as grocery stores, medical, and oil just to name a few. Vaquero is perfect for long-term tenants looking for affordable housing in the growing economy surrounding Pleasanton. This park is perfect for an investor who is looking to develop the rest of the park to maximize as value is occupancy is maxed out.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,308,590 | |
| Land Assessment | $615,600 | Total Assessment | $1,924,190 |
PROPERTY TAXES
