1301 E Cr 140

    Midland, TX 79709
    • $4,200,000
    • STATUS: Active
    • ON SITE: 72 days
    • MLS #: 14149458
    UPDATED: 38 min ago
    $4,200,000
    • 0
      BEDS
    • 5.61
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2018
    County:

    School Ratings & Info

    Offered by Troy Luecke of The Platinum Group Real Estate.

    Description

    A boomin opportunity with a return as good as the black gold surrounding it. Centered in the heart of the West Texas Oilfields this low maintenance RV Park investment yields a healthy 11.86% cap rate with a 98+%, year-round occupancy. This Park boasts 74 total spaces on approx. 5.5 acres with private well & septic, underground electric, cable & internet. Spaces currently rent for $650 & $750 on larger spaces, all utilities included. Recently, a multi-unit laundry & common showers were added for additional revenue. A manager is currently in place for a hands-off operation or it could easily be managed yourself. #1 in crude & #2 on natural gas production in the State of Texas. The Cap rate is approx. 11.86%.

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    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate By Design. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Real Estate By Design are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-10-18T11:42:02.15.
    www.rebdgroup.com/homes/97629446

    1301 E Cr 140 Midland, TX 79709

    • Price: $4,200,000
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 14149458
    0
    Beds
    0
    Baths
    0
    ½ Baths
    5.61
    Acres
    2018
    Built
    Neighborhood:
    S Part
    County:
    Midland
    Area:
    Others Within The U.S.
    Property Description
    A boomin opportunity with a return as good as the black gold surrounding it. Centered in the heart of the West Texas Oilfields this low maintenance RV Park investment yields a healthy 11.86% cap rate with a 98+%, year-round occupancy. This Park boasts 74 total spaces on approx. 5.5 acres with private well & septic, underground electric, cable & internet. Spaces currently rent for $650 & $750 on larger spaces, all utilities included. Recently, a multi-unit laundry & common showers were added for additional revenue. A manager is currently in place for a hands-off operation or it could easily be managed yourself. #1 in crude & #2 on natural gas production in the State of Texas. The Cap rate is approx. 11.86%.
    Exterior Features

    Construction Metal Construction Materials Walls Metal Foundation Slab Lot Dimensions 718 X 340 Parking Or Garage Assigned SpacesUncovered Road Frontage Distance 340 Road Frontage Type Gravel/RockOther Roof Metal Topography Cleared Waterfront YN No

    Interior Features

    Ceiling Height 8 To10 Feet Commercial Features Other Flooring Concrete Heating No AirNo Heat Sq Ft Building 600 Sq Ft Gross 244372 Sq Ft Leasable 244373

    Property Features

    Building Area Source Owner Building Use Other Business Name Rangers Rv Park Commercial Zoning Commerc Construction Status Preowned Gross Annual Expenses 131511 Gross Annual Income 630000 Inclusions BusinessLand & Improvements Income Expense Source Other Lot Size Source Tax Multi Zoning No Municipal Utility District No Net Annual Income 498489 Owner Pays Common AreaMaintenanceManagementWater/Sewer/Trash Possession Closing/Funding Property Type Com-Sale Special Notes Aerial PhotoPipelineSurvey Available Tenant Pays Other Total Annual Expenses Include Common AreaElectricLawn CareMaintenanceManagementWater/Sewer/Trash Utilities Outside City LimitsSepticWell Will Subdivide No

    Listing information © 2019 North Texas Real Estate Information System.


    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate By Design. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Real Estate By Design are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-10-18T11:42:02.15.
     
    Real Estate By Design
    2434 Lillian Miller Pkwy
    Denton TX, 76205
    Offered by Troy Luecke of The Platinum Group Real Estate.