120 County Road 42000Paris, TX 75460

For Sale
$3,600,000

High-Yield RV Park in Texas

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 97-pad RV park, situated on 11.96 acres in Paris, Texas, presents a compelling investment opportunity. Built in 2015, the property boasts an impressive 88% occupancy rate, generating a substantial Net Operating Income (NOI) of $319,030 and an 8.86% capitalization rate. The asking price is $3,600,000. The park operates on city water and septic sewer, minimizing operational complexities. Its diverse unit mix contributes to consistent income streams. Conveniently located in Northeast Texas, this property offers easy access to the Dallas/Fort Worth International Airport, less than two hours away, providing a strong potential for growth and increased occupancy. The property's strong financial performance, coupled with its strategic location and well-maintained infrastructure, makes it an attractive investment for discerning buyers seeking a stable and high-yielding asset in the thriving Texas RV park market. Detailed financial statements are available upon request. This is a turnkey operation ready for immediate income generation. The property's size and established occupancy make it an ideal investment for both experienced and new investors in the RV park sector.

Highlights

  • 8.86% Year One CAP Rate
  • City water and septic sewer
  • Diverse unit mix with multiple income streams
  • Northeast Texas location, under two hours from DFW Airport

Property Details for 120 County Road 42000

Property type
Multifamily properties, Mobile home & RV parks
Year Built
2015
Lot Size (sq. ft)
520,978 SF

Location Insight

City
Paris
County
Lamar
State
Texas
Latitude
33.717541
Longitude
-95.545372
120 County Road 42000, Paris, Texas

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120 County Road 42000
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