Upside Potential !! This Park has been updated. Concrete Pads added to all Sites, Upgraded Electrical, Plumbing, Baths, and Laundry facilities. 73 Pad Sites. Pull Thru, and Back-in sites. Ready for an entrepreneur to bring this park occupancy up since the updates have been completed. Great location with a short drive to Galveston Beaches. Enjoy all nearby Bay Access for fishing, sailing, and other water activities. There is additional Land for expansion. Multiple opportunities here, with the additional land to add more RV sites, Cabins, or park amenities. One might consider converting to a mobile home park or tiny house community. Located on a Major Highway. Property fronts 2 streets. Current Cap Rate 6.82% with an NOI of $184,132 based on the Current occupancy of 62%. With your management skills, increase the occupancy to increase your Cap Rate, Cash Flow, and Net Profit. ... Don't miss this opportunity.
Faye Ausmus
Ausmus Premier Properties
