$699,999
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12.83 Acres Lot
SOLD DATE : 07/16/2024
Key Details
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision A Viesca Surv A-77
MLS Listing ID 20419499
Sold Date 07/16/24
Total Fin. Sqft 1600
Year Built 2024
Annual Tax Amount $479
Lot Size 12.832 Acres
Acres 12.832
Property Description
13 acre RV Park for sale. Approved for 80+Mobile homes, RV Spots or cabins. 20 spots are finished. Opened in April. This is a situation where owner started the park and has done an excellent job building but ran out of funds to finish the spots. TONS OF VALUE ADD OPPORTUNITY! City water. City sewer. 60 lbs. of water pressure for the entire park. 6 in. sewer lines. 8 (200 Amp) meters. Conduits and wiring ran for propane sales. Cost to finish propane setup is $5k, however it will be the only place in the city to sell propane. Just 5 minutes from Lake Livingston, major shopping, restaurants and the city of Livingston. 1-hr commute to downtown Houston. Park has 1.5 acre pond, large new bathhouse, laundry facilities, office building and is located across the street from the public schools. Value add includes billing back utilities, add coin operated washers & dryers & increase rents to market rates. Very conservative Projected NOI upon completion of 80 spots $360,000 annually.
Location
State TX
County Polk
Zoning RV Park, MHP
Direction Take Highway 59 to FM 1988. Turn right on fm 1988 and immediate right on Katie Simpson.
Interior
Heating Propane
Cooling Electric
Flooring Other
Heat Source Propane
Exterior
Utilities Available City Sewer, City Water
Roof Type Other
Garage No
Building
Lot Description Level, Tank/ Pond
Foundation Other
Structure Type Other
Others
Ownership Tony
Acceptable Financing 1031 Exchange, Cash, Conventional, Other
Listing Terms 1031 Exchange, Cash, Conventional, Other
Financing Private
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Bought with Melanie White • Call It Closed Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "