685 Englehart RdSan Antonio, TX 78264

For Sale
$3,300,000

High-Yield RV Park, 88 Sites

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional investment opportunity: Woodland Oaks RV Estates, a thriving 88-site RV park in San Antonio, Texas, is offered at $3,300,000. Boasting an 8.11% current cap rate and a pro-forma cap rate of 9.06%, this property presents strong returns. The park, built in 2013 and extensively renovated in 2023, generates a current NOI of $267,665 and a pro-forma NOI of $298,918. Situated on 10.78 acres, Woodland Oaks benefits from city water and septic sewer services. Recent capital improvements exceeding $700,000 enhance its appeal and operational efficiency. Conveniently located 19 miles from downtown San Antonio and less than 30 miles from San Antonio International Airport, this park enjoys excellent accessibility. An attractive add-on opportunity exists with an adjacent 38.5 acres available for purchase at $20,000 per acre, offering significant expansion potential. This turnkey operation in the 7th largest city in the U.S. provides a compelling investment prospect with substantial upside.

Highlights

  • 8.11% Year One Cap Rate
  • 88-site portfolio in San Antonio, Texas, the 7th largest US city
  • City water and septic sewer service
  • Over $700,000 in recent capital improvements
  • 19 miles from downtown San Antonio and under 30 miles from San Antonio International Airport
  • Adjacent 38.5-acre land parcel available for $20,000/acre

Property Details for 685 Englehart Rd

Property type
Multifamily properties, Mobile home & RV parks
Year Built/Renovated
2013/2023
Lot Size (sq. ft)
469,577 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.1922497
Longitude
-98.5125502
685 Englehart Rd, San Antonio, Texas

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685 Englehart Rd
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