351 My Lane, Millsap, Texas 76066

$3,900,000
List Price
$3,900,000
Price Change
▼ $700,000 1705635771
MLS#
20480754
Status
ACTIVE UNDER CONTRACT
Type
Commercial
Year Built
2023
Construction Status
New Construction - Complete
Acres
20
County
Parker
City
Millsap
Subdivision
Marys Sub

Property Description

Brand NEW RV Park located off of the highly traveled HWY180 in Parker County! Construction completed in Nov 2023. Park Consists of 95 RV Sites including 46 covered and 49 uncovered sites situated on 14.5 acres. An additional 5.5 acres included in sale could be used to expand or possibly used for a horse type facility! Amenities include a sparkling pool, 1000sf community center, fenced dog park, fenced playground, 100sf office and a 250sf laundry room and shower house. All RV sites are individually metered with full hook ups with 30 and 50 amp service, water and sewer. Tenants pay for 100% of their electric. All roads and RV sites are chip sealed and all sites include a grassy side yard. Park is currently 67% occupied as construction was recently completed. Golf Cart and zero turn will be included as well as furnishings and park owned RV which is currently rented to a guest. Park currently does have a property manager and maintenance tech on site. Pro-forma and Survey Available.

Additional Information

Unexempt Taxes
$22,227
Average Monthly Lease
550
Annual Insurance
5000
Total Annual Expenses
Insurance, Maintenance Grounds, Manager, Supplies, Trash, Utilities, Water/Sewer
Gross Annual Expenses
133895
Gross Annual Income
581400
Tenant Pays
Cable TV, Electricity
Acres
20
Lot Description
Acreage, Cleared, Greenbelt, Landscaped
Subdivided
No
Handicap Yn
Yes
Flooring
Luxury Vinyl Plank
Foundation
Pillar/Post/Pier
Roof
Metal
Building Stories
1
Ceiling Height Type
8 to10 Feet
Street Utilities
Aerobic Septic, Cable Available, Co-op Water, Electricity Connected
Heating Cooling
Electric
Construction Material
Metal Siding, Siding, Wood
Parking Garage
Assigned, Drive Through, Driveway, Gravel, Open, Parking Lot, RV Access/Parking, RV Carport
Road Frontage Desc
County Road
Building Sq. Ft.
1400
Number of units
95
Leasable Sq Ft
57000
Occupancy Rate
67
Building Use
Laundromat, Office, Other
Zoning
Residential (NEC)
Possession
Closing/Funding

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Hazel Sellman from Texas Realty One. Contact: 817-236-1515