Self Storage Details
- Distressed: This property is in default, REO or in foreclosure.
- Purchase Method: Cash, Seller Financing
- Number of Storage Units: 100
- Acreage: 5 acre(s)
- Square Footage: 100,000 sqft
- Occupancy: 80%
- Year Built: 1970
- Cap Rate: 10.0%
- Listing ID: 418773
- Posted On: Dec 19, 2013
- Updated On: Dec 20, 2013
Description
This park has great rental history @ appx. 90% since open in 2011. Owners home is across street from park and was updated in 2011. Separate office was built in 2011 with 1/2 bath next to owners home. River Haven RV Resort consists of 31 sites (6 concrete pull thru's, 26 concrete back in's and 3 grass sites), laundry room with new washer/dryers. Park has room for expansion of 9 more sites with site plans. Owners are retiring and will look at all offers. Owner is a licensed Texas Real Estate agent. Possible partial owner financing.
Amenities
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- This Park Has Great Rental History @ Appx. 90% Since Open In 2011. Owners Home Is Across Street From Park And Was Updated In 2011. Separate Office Was Built In 2011 With 1/2 Bath Next To Owners Home. River Haven Rv Resort Consists Of 31 Sites (6 Concrete Pull Thru's, 26 Concrete Back In's And 3 Grass Sites), Laundry Room With New Washer/Dryers. Park Has Room For Expansion Of 9 More Sites With Site Plans. Owners Are Retiring And Will Look At All Offers. Owner Is A Licensed Texas Real Estate Agent. Possible Partial Owner Financing.
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Financial Information (Actual)
| Gross Income: | $1,000,000 |
| Operating Expense: | $100,000 |
| Net Operating Income: | $900,000 |
| Expense Ratio: | 10.0 % |