1029 Marina Bay Dr
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1029 Marina Bay Dr
4,196 SF Specialty Building Offered at $4,975,000 at a 8.88% Cap Rate in Kemah, TX 77565
Investment Highlights
- WATERFRONT RV and Cabin Resort- Built in 2018 Near Kemah Boardwalk and Nasa Space Center
- 10 Beautiful fully furnished Cabins and 4 Vacation rentals
- Minutes from Famous Kemah resort and shopping
- Large RV Site with 20/30/50 Amp, Pool and Dog Park
- Fishing Pier with Bay Access
- Walking distance to many restaurants, Marina's and shops
Executive Summary
Pristine Property in a prime location Near Kemah and Galveston Bay. 95 Large RV sites - 23/30/50 AMP, 10 Fully Furnished Bungalows Cabins, 4 Vacation Suites, office, Commercial Laundry Facility, on-site Store, Storage Shed and Golf Cart, State of the art Fiber Optics Wi-Fi/ Surveillance Cameras, Waterfront Swimming Pool, Dog Park with Play equipment, 54'X6' Fishing Pier on the banks pf Jaroe Bayou with access to the Bay. Walk to Restaurants, Shopping and nearby Marinas. Just a few minutes to the Famous Kemah Boardwalk. On-site Property Manager.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,975,000 | Property Subtype | Trailer/Camper Park |
| Price Per SF | $1,186 | Lot Size | 5.64 AC |
| Sale Type | Investment | Building Size | 4,196 SF |
| Cap Rate | 8.88% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2018 |
| Price | $4,975,000 |
| Price Per SF | $1,186 |
| Sale Type | Investment |
| Cap Rate | 8.88% |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Lot Size | 5.64 AC |
| Building Size | 4,196 SF |
| No. Stories | 1 |
| Year Built | 2018 |
Amenities
- Property Manager on Site
- Signage
- Waterfront
- Wheelchair Accessible
- Fiber Optic Internet
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PROPERTY TAXES
| Parcel Number | 4235-0001-0008-002 | Improvements Assessment | $3,233,920 |
| Land Assessment | $216,080 | Total Assessment | $3,450,000 |
PROPERTY TAXES
Parcel Number
4235-0001-0008-002
Land Assessment
$216,080
Improvements Assessment
$3,233,920
Total Assessment
$3,450,000
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1029 Marina Bay Dr
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