1845 OleanderBolivar Peninsula, TX 77650

For Sale
$449,000

Turnkey RV resort, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a thriving, turnkey RV resort situated in the desirable Bolivar Peninsula, Texas. The property, boasting a prime location just two blocks from the beach, comprises three lots totaling 7,500 square feet, each featuring a newly constructed (2024) stationary park model RV rental. These three units, generating immediate income through short-term rentals, are equipped with dual AMP capacity and city water hookups. Each unit includes a private picnic table, park grill, and a plunge pool (with optional heating). The resort also offers convenient amenities for guests, including a community fire pit, a dog station, and a storage building with power and water. The property is enclosed on three sides by rope fencing, providing a secure and inviting atmosphere. With a current occupancy rate of 67% and a projected net operating income (NOI) of $45,000, this Class B property offers a compelling pro-forma cap rate of 10.02%. The asking price is $449,000, translating to approximately $149,667 per pad. The property includes five parking spaces. Financial projections are based on comparable local RV vacation rentals. This is an owner-user investment opportunity in a popular tourist destination, offering easy access to the beach, shopping, and dining. The existing vacation rental management system ensures a smooth transition for the new owner.

Highlights

  • Turnkey RV resort in Crystal Beach, TX, a popular tourist destination.
  • Prime location two blocks from the beach, near shopping and dining.
  • Three newly constructed (2024) Forest River Timberwolf 16ML park model RVs on three lots totaling 7,500 square feet.
  • Existing vacation rental management system in place.

Property Details for 1845 Oleander

Property type
Multifamily properties, Mobile home & RV parks
Class
B
Year Built
2024
Buildings
3
Units
3

Location Insight

City
Bolivar Peninsula
County
Galveston
State
Texas
Latitude
29.45323
Longitude
-94.634019
1845 Oleander, Bolivar Peninsula, Texas

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1845 Oleander
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