2089 Fm 2131 Coleman, TX 76834

$290,000

About this home

Property Overview

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.