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Rock Creek RV & MH Community 201 Rock Creek Rd
84 Unit Mobile Home Park $4,500,000 ($53,571/Unit) Graford, TX 76449
Executive Summary
The community features 11 cabins, 41 sites designated for long term MH or RV sites, 20 tenant owned MH sites, 12 weekend RV sites, a fully stocked convenience store, a $1m resort style pool, coin operated laundry, a newly renovated boat ramp, fish cleaning station, boat docks, a community and event center, and much more. With its variety of amenities, Rock Creek Camp has become a local favorite. Owners cater to the community by selling season passes for the pool, daily passes for the pool, sponsoring local events and charities, honor system use of the boat ramp, and free coffee inside the main office.
Advantageously positioned on Possum Kingdom Lake, this property boasts the most lake frontage owned by a private entity on the ENTIRE lake. The community has a public water provider and on-site septic holding tanks. Current ownership manages and operates the community.
Future ownership has the opportunity to bring the annual and monthly rents up to market rates, develop additional sites, bring in cabins/tiny homes to meet market demands, improve marketing and promotions to boost revenues, and so much more. This opportunity is an ideal purchase for many buyer types and has left so much meat on the bone for future ownership.
Key Things to Remember:
- High barrier to entry - Under market rents - High demand for lakefront housing
- Outside city limits in Palo Pinto County
- Possum Kingdom receives millions of visitors per year per Brazos River Authority
- Home to the famous Hell's Gate - Red Bull International Cliff Diving competitions
- VRBO going rates: $200-400 per night
Contact us for the full Due Diligence folder!
Financial Summary (Pro forma - 2024) 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
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024) 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 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $4,500,000 | Property Type | Multifamily |
| Price Per Unit | $53,571 | Property Subtype | Manufactured Housing/Mobile Home |
| Sale Type | Investment | Building Class | B |
| Sale Conditions | Business Value Included | No. Stories | 1 |
| No. Units | 84 | Year Built | 2000 |
| Price | $4,500,000 |
| Price Per Unit | $53,571 |
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | B |
| No. Stories | 1 |
| Year Built | 2000 |
About 201 Rock Creek Rd , Graford, TX 76449
Possum Kingdom is the perfect four season destination. Nestled in the foothills of the Palo Pinto mountains less than 75 miles west of Fort Worth, Possum Kingdom Lake is The Great Lake of Texas. More than 18,000 acres of crystal clear water, a Texas oasis surrounded by beautiful cliffs and rolling hillsides. Whether you are visiting for a weekend or staying for a lifetime, Possum Kingdom Lake has the amenities and services to meet your every need, from first-class dining and resorts to some of the finest marinas and golf courses in Texas. Enjoy a wide variety of outdoor activities including boating, diving, fishing, hiking, cycling and golf. Possum Kingdom Lake is located on the main stem of the Brazos River. It was the first water supply reservoir constructed in the Brazos River basin. The project was authorized in 1938 and construction of the dam began later that same year. Local Events • PKCC 3rd Quarter Business After Hours • PKCC Possum Fest BBQ & Chili Cook-Off • Possum Fest Regional Cornhole Tournament • Clark Gardens Pumpkin Patch • A Helluva Night at Possum Kingdom • Chambers’ Classic Golf Tournament • Annual Christmas Tree Lighting • Hell’s Gate • Red Bull Cliff Diving World Series • Summer Kickoff Tie-Up • The Texas Food Truck Championship • Fireworks Show
-
Carrie Sieger -
JTACR Real Estate Group
Learn More About Investing in Apartment Buildings
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Rock Creek RV & MH Community | 201 Rock Creek Rd
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