2089 Fm 2131, Coleman, TX 76834

$290,000

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List Price
$290,000
MLS#
21284690
Status
ACTIVE
Type
Land
Subtype
Land
Year Built
1930
Acres
2
County
Coleman
City
Coleman
Subdivision
A0683 WM WOOLSEY SUR 294

Property Description

This is your chance to own a FULLY OCCUPIED, CASH FLOWING 20 campsite RV park for far less than most other similar developments!!! The development is located outside of city limits and sits at the intersection of two highways. Each campsite features 30 & 50 amp service plus 110v outlets. New septic system and city water. The 796 sq ft building on site houses complimentary laundry facilities, but can be built out to include onsite property manager housing, a clubhouse or game room, or any other value add feature. Pictures were taken at 30% occupancy, but the campground is now completely full and is expected to remain at or near 100% occupancy at least through the next FIVE YEARS! Current owner is charging $500 per month per site, but new owners could easily increase rental rates. Great opportunity to live rent free on a cash flowing property... house hacking at its finest!!! Rent roll and disclosures attached to the listing. Copies of rental agreements provided upon request.

Additional Information

Unexempt Taxes
$2,305
Lot Size
87,120
Acres
2
Lot Description
Corner Lot
School District
Panther Creek Cons Isd
Elementary School
Panther Creek
Middle School
Panther Creek
High School
Panther Creek
Possession
CloseOfEscrow, Negotiable
Proposed Use
Other

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Calculator source: Real Geeks

Listing courtesy of Rachelle Cooper from Crest Properties. Contact: