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Shady Pines RV Park 1064 County Road SE 4105
16 Unit Mobile Home Park $875,000 ($54,688/Unit) 8.90% Cap Rate Mount Vernon, TX 75457
Investment Highlights
- Secluded, wooded area
- Unrestricted Zoning
- Plenty of Room for Growth
Executive Summary
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Site Amenities
- Laundry Facilities
- Community-Wide WiFi
About 1064 County Road SE 4105 , Mount Vernon, TX 75457
This property is in a growing area of East Texas that is surrounded by nature and near some of the most popular lakes in the state for fishing and recreation. Located approximately 100 miles from the Dallas area, this location is a favorite for weekenders, retirees, and increasingly, families that want to escape the hustle and bustle of the Metroplex. This property has a mix of RV spots and cabins, with many of both having long term tenants. There are 6 park owned cabins and 1 RV. The cabins rent for an average of $900-$950/ Month. There is also a large shop and a laundry facility with a bathroom and shower. There is plenty of room for growth, and there are at least 13 additional spots cleared and ready to develop. The park is located in an unrestricted area, giving you many options for future development. The owner is continuing to improve the property, so adding capacity will be easy. The owner has decided to divide the property so that the land adjacent to the park will be separate. The survey will be completed when the park is under contract. The adjacent land can be purchased at an additional cost, to be negotiated at the time of sale.
PROPERTY TAXES
| Parcel Number | 23260 | Total Assessment | $77,620 (2023) |
| Land Assessment | $77,620 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
zoning
| Zoning Code | None (This property is located in Franklin County and has no zoning restrictions.) |
| None (This property is located in Franklin County and has no zoning restrictions.) |
Presented by
Shady Pines RV Park | 1064 County Road SE 4105
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