Magnolia Blossom RV Park

  • $1,100,000
26405 Dobbin-Huffsmith Road, Magnolia, TX, USA
For Sale Exclusive
Magnolia Blossom RV Park
26405 Dobbin-Huffsmith Road, Magnolia, TX, USA
  • $1,100,000

Description

Welcome to Magnolia Blossom RV Park! Situated in one of the fastest-growing metro areas in the country, this fully stabilized and serene RV Park offers room for revenue growth. Currently offering 23 full hook-up RV sites and one electric-only site, Magnolia Blossom RV Park boasts a strong financial history, ensuring immediate returns on investment while promising future value-add opportunities. The park, complete with full amenities, caters to various long-term guest profiles and provides avenues to enhance cash flow through supplementary revenue streams. For more information email colton.christ@partnersrealestate.com.

HIGHLIGHTS:

SELLER FINANCING AVAILABLE

PAD SITES: This park includes 23 full hook up sites as well as one electric-only spot for people staying only a few days.

AMENITIES AND FACILITIES: This park is equipped with a large clubhouse, office, full laundry facility, outdoor kitchen, and nine 12’x9’x12’ storage units accessible by tenants. The park also has new fences and gates on either side of the property with each tenant receiving a unique gate code. Included in each lot are 16’x8’ decks.

UPSIDE: There is significant upside in revenue by updating the lot rents to the market average.

NEARBY RETAILERS: Patrons can find access to five Walmarts within 10 miles as well as multiple major grocery chains. Three Home Depot’s and one Lowe’s can also be found within 8 miles, as well as two Major Malls and The Woodlands shopping area.

RAPIDLY EXPANDING MARKET: Growing at a rate of 17.42% annually, Magnolia, TX is fueled by its strategic location near the major metropolitan area of Houston. Magnolia, TX boasts a thriving economy characterized by diverse industries such as retail trade, education, and manufacturing.

LIVING SPACE FOR PARK MANAGER INCLUDED: The current owner is including their RV in the sale of the park in the large covered spot which includes an expansive deck on the well-built structure.

 

Please reach out to me for the Offering Memorandum.

  • Address 26405 Dobbin-Huffsmith Road, Magnolia, TX, USA
  • City Magnolia
  • State/county Texas
  • Zip/Postal Code 77354

Details

Updated on May 29, 2024 at 3:35 pm
  • Property ID: 171004
  • Price: $1,100,000
  • Land Area: 2.5 Acres
  • Year Built: 2014
  • Property Type: RV Parks
  • Property Status: For Sale
  • Pads: 23
  • Water Type: Well
  • Electric Hookup: 30AMP, 50AMP
  • Sewer Type: Septic tank
  • Cap Rate: 6.4%
  • Occupancy: 100
  • NOI: $70,375
  • Buildings: 1
  • Pro-Forma Cap Rate: 9.53%
  • Pro-Forma NOI: $104,875

Overview

Property ID: 171004
  • 23
  • Pads
  • 2014
  • Year Built
  • 2.5
  • Lot Acres

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Colton Christ

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Information provided in this listing is deemed reliable but not guaranteed. Prospective buyers should perform their own due diligence in verifying all facts and figures related to the property, including but not limited to zoning, property conditions, utilities, legal uses, and financials. The broker makes no representation or warranties, expressed or implied, as to the accuracy of information contained herein. Prices, terms, and availability are subject to change without notice. The listing broker is not responsible for any errors, omissions, or inaccuracies in the information provided. Buyer to verify all information to their satisfaction. This is not an offer to sell, nor a solicitation of offers to buy, in jurisdictions where such an offer or solicitation would be unlawful. All images are for illustrative purposes only and may not represent the current state of the property.

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