Ranchero RV Park

101 North Main, Eden, TX

32.24% return

SP: $295,000

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Property Description

Insane Investment Opportunity! Awesome RV Park!

Sale Includes 27 Pads, Large Commercial Building and a Mobile Home for On-Site Manager! Property currently generates over $9500/month. Each pad is rented for $360/month but can easily rent for $400/month. Mobile home and commercial building are vacant. Plenty of industry in the area. Separate electric meters. City water and sewer. Very inexpensive property to own and operate. Tons of upside. Very low maintenance. Do not miss out on this.

Property Information

Listing statusSold
Property typeMulti Family
Total units28
Total bedrooms(unknown)
Total bathrooms(unknown)
Building size(unknown)
Lot size1.5 acres
Year built1974

CountyConcho County
Subdivision
ConstructionFrame, Brick
RoofMetal
Water sourceCity water
Water disposalSewer
Heating(unknown)
Cooling(unknown)

Property Financial Summary

Sale price$295,000
Estimated rehab¹$0
Total investment$295,000

TypeProforma

Gross income (annually)$125,640
Operating expenses (annually)$30,544
Net income (annually)$95,096
Gross return42.59%

Gross income (monthly)$10,470
Operating expenses (monthly)$2,545
Net income (monthly)$7,925
Net return32.24%

Property Income & ExpensesMonthlyAnnual

Income

Mobile Home
Unit 116: 2 bed / 1 bath$750/month$9,000/year
RV PADS
Unit 1: studio / 0 bath$360/month$4,320/year
Unit 2: studio / 0 bath$360/month$4,320/year
Unit 3: studio / 0 bath$360/month$4,320/year
Unit 4: studio / 0 bath$360/month$4,320/year
Unit 5: studio / 0 bath$360/month$4,320/year
Unit 6: studio / 0 bath$360/month$4,320/year
Unit 7: studio / 0 bath$360/month$4,320/year
Unit 8: studio / 0 bath$360/month$4,320/year
Unit 9: studio / 0 bath$360/month$4,320/year
Unit 10: studio / 0 bath$360/month$4,320/year
Unit 11: studio / 0 bath$360/month$4,320/year
Unit 12: studio / 0 bath$360/month$4,320/year
Unit 13: studio / 0 bath$360/month$4,320/year
Unit 14: studio / 0 bath$360/month$4,320/year
Unit 15: studio / 0 bath$360/month$4,320/year
Unit 16: studio / 0 bath$360/month$4,320/year
Unit 17: studio / 0 bath$360/month$4,320/year
Unit 18: studio / 0 bath$360/month$4,320/year
Unit 19: studio / 0 bath$360/month$4,320/year
Unit 20: studio / 0 bath$360/month$4,320/year
Unit 21: studio / 0 bath$360/month$4,320/year
Unit 22: studio / 0 bath$360/month$4,320/year
Unit 23: studio / 0 bath$360/month$4,320/year
Unit 24: studio / 0 bath$360/month$4,320/year
Unit 25: studio / 0 bath$360/month$4,320/year
Unit 26: studio / 0 bath$360/month$4,320/year
Unit 27: studio / 0 bath$360/month$4,320/year
Total$10,470/month$125,640/year

Expenses

Property Taxes$445/month$5,344/year
Insurance$417/month$5,000/year
Water and Sewer$700/month$8,400/year
Electric bill$800/month$9,600/year
Property Management$167/month$2,000/year
Lawn care$17/month$200/year
Total$2,545/month$30,544/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.