8201 Sunflower AveSan Angelo, TX 76901

Exceptional investment opportunity: Grape Creek Phoenix RV Park, a stabilized Class C multifamily property (RV park) in San Angelo, TX, is offered at $3,350,000. This 9.78-acre park boasts 106 RV spaces and 4 rental cabins, plus an office, storage buildings, and a laundromat. Built between 2012 and 2016, the park features two buildings and enjoys a 90% occupancy rate (as of January 23, 2024), generating a strong Net Operating Income (NOI) of $292,270 and an 8.72% cap rate. The property includes public water and electricity (30 & 50 amp service) and private septic systems. Conveniently located on Sunflower Avenue, near Highway 87, it benefits from proximity to San Angelo (population 100,000), San Angelo Regional Airport, and the heavily traveled Highway 87 corridor connecting to Midland/Odessa. The area has experienced significant growth in wind, solar, and oilfield activity over the past five years. This well-maintained park presents a compelling investment opportunity with a price per unit of $30,454.55 and a price per square foot of $3,350. The property's total square footage is 1,000, and it consists of 110 units (including cabins). The legal description is R000056523. The ownership structure is an LLC.