5401 County Road 75Midland, TX 79707

For Sale
$479,000

17-Unit RV Park, High NOI, Texas

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fully leased 17-unit RV park situated on a one-acre lot in Midland, Texas. The property boasts 43,560 square feet of land and features 17 individual RV spaces, each with its own parking. Currently generating a substantial annual net operating income (NOI) of $64,680, representing a 13.50% cap rate, this property offers a strong return on investment. Built in 1996, the park includes a coin-operated laundry facility with two washers and two dryers, adding approximately $250 per month to the income stream. All 17 spaces are currently leased, producing roughly $7,650 in monthly rental income. The property is conveniently located with easy access to East Loop 250, Business 20, and Interstate 20. The fenced lot is strategically positioned near various retail establishments, including Uncle's convenience store, Dollar General, and a hospital. Furthermore, the park benefits from its proximity to major industrial companies such as Pioneer Natural Resources, Basis Energy, Bird Electric, Enterprise Crude Oil, and Big D. The asking price is $479,000, translating to $11 per square foot and $28,176.47 per unit. This is an owner/user investment opportunity with a multi-tenant occupancy. The property includes a water well.

Highlights

  • Fully leased 17-unit RV park on a one-acre lot in Midland, TX.
  • Generates $64,680 annual NOI, a 13.50% cap rate.
  • Asking price: $479,000 ($11/SF, $28,176.47/unit).
  • Includes coin-operated laundry adding ~$250/month to income.
  • Convenient location near major highways and businesses.

Property Details for 5401 County Road 75

Property type
Multifamily properties, Mobile home & RV parks
Square Feet
43,560 SF
Year Built
1996
Lot Size (sq. ft)
43,560 SF
Units
17

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
32.019466
Longitude
-102.2616781
5401 County Road 75, Midland, Texas

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5401 County Road 75
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