This North Texas RV Park has 1.83 +/- acres, per the tax appraisal district. It is located in the Myra community in Cooke County, TX, 15 minutes west of Gainesville where I-35 & Hwy 82 intersect. It has 13 RV hook-ups, each with electric, water & private septic hook-ups, plus a metal carport. The park is currently fully rented; the past two years have had 10 spots consistently rented.
Each space rents for $450 per month (bills included). Expenses to owner average $1,000 per mo for electric, $35 per mo for water, $1,111.67 annual property taxes (2019). Using a projected 20% vacancy, net income is $42K annually. List price of $350K = a 12% rate of return.
This park is in a quiet rural setting, with a view across miles of pasture land. It is located on the south side of Myra and has residential houses next to it.
LIST PRICE: $350,000
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