Contact Information

Mobile Home Park Details

  • Price: $3,100,000
  • Cap Rate: 8.2%
  • Listing ID: 4407572
  • Posted On: Feb 12, 2024
  • Updated On: Feb 19, 2024

Description

Sunstone Real Estate Advisors proudly presents the Armadillo RV Park for sale, situated in the sought-after Lake Travis suburb of Austin. Boasting the title of the 10th largest city in America, Austin has consistently experienced a steady population growth of 2-3% annually since 2006. Catering primarily to long-term residents, Armadillo's strategic location ensures convenient commuting to Austin's city center. Additionally, with less than a mile to water access and a mere 1.5 miles from the Austin Yacht Club, residents enjoy easy access to the plethora of activities offered by Lake Travis.

The park features 46 RV spaces equipped with city water and septic sewer services. Noteworthy is the fact that Armadillo's lot rents remain comfortably below the market average. This is a unique opportunity to own a piece of real estate in the highly desirable Austin Metropolitan Statistical Area.

Location

Within a 20-mile radius of downtown Austin
Located in the highly coveted Lake Travis suburb
Tailored to cater to long-term residents
Offers storage units for rent
Secured with gated access

Amenities

  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Year Built: 1990
Size: 5 acre(s)

Financial Information (Pro Forma)

Net Operating Income: $254,366

RV Information

Number of RV Lots: 46
Average RV Lot Rent: $685

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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