101 Mundi Ln
Azle, TX 76020

Flat Rock Road RV Park is a 2018-built RV park located in Azle, Texas – approximately 40 miles from the Dallas/Fort Worth International Airport. The park is situated on 14.42 heavily treed acres. There are 80 original RV lots, with 21 RV lots recently developed, six RV pull thru, four tiny homes and one park model for a total of 101 sites that are fully occupied. The park is on public co-op water and septic sewer. The ownership is responsible for electricity, water, sewer and trash. The roads are chip seal with asphalt underneath. Amenities include Wi-Fi, laundry, restrooms and showers – which are impressively clean. The park is currently managed by an individual who lives onsite and is open to staying onboard for a future owner. Azle is a suburban community with a rural quality of life, located just minutes from the Dallas/Fort Worth metroplex. The proximity to Fort Worth and its position as the “Gateway to Eagle Mountain Lake” have made Azle a popular place to live. In 2019, Dallas Business Journal recognized the city as one of the fastest-growing cities in North Texas while simultaneously becoming one of the safest as well. Backgroundchecks.org named Azle the 25th safest city in Texas for 2019. The unemployment rate in Azle is 3.5 percent compared to the national average of 3.6 percent. However, on average, the residents spend just under 33 minutes each day commuting to work. The U.S. Bureau of Labor and Statistics reported from November 2018-2019, job growth in the Fort Worth – Arlington Metropolitan Division up 2.1 percent compared to the national rate of 1.5 percent. With the heart of Fort Worth just 29 minutes away, there is no shortage of employment opportunities for the residents of Azle. Flat Rock RV Park is an excellent opportunity for an RV park investor to break into the Dallas/Fort Worth market on a stabilized park, boasting a day one cap rate over 9.5 percent with strong potential of future upside.