Padre Palms RV Park
80 Unit Mobile Home Park | $4,362,668 ($54,533/Unit) | 6.53% Cap Rate | Corpus Christi, TX 78418
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,362,668
- Property Type
-
Multifamily
- Square Feet
- 150,992 SF
Listing Contacts
Eli Buck
Verified Profile
Landan Dory
Verified Profile
- Property Info
Property Overview
RV Park
Nestled just a stone's throw away from the shimmering waters- Padre Palms RV Park provides investors the opportunity to purchase a fully stabilized asset with excellent operational history and customer satisfaction rating. The park is fully developed with 80 full-hookup sites, the majority of which are pull-thrus. The park has a 2023 year to date occupancy of 91.90% continung its strong historical track record and suggests rental growth opportunity. The park's primary source or rental income is generated from long-term monthly renters while daily and weekly stayers also frequent the park. Padre Palms is a 5-minute walk from Philip Dimitt fishing pier, 5-minute drive from H-E-B, and a 13-minute drive from highly visited Whitecap Beach.
Nestled just a stone's throw away from the shimmering waters- Padre Palms RV Park provides investors the opportunity to purchase a fully stabilized asset with excellent operational history and customer satisfaction rating. The park is fully developed with 80 full-hookup sites, the majority of which are pull-thrus. The park has a 2023 year to date occupancy of 91.90% continung its strong historical track record and suggests rental growth opportunity. The park's primary source or rental income is generated from long-term monthly renters while daily and weekly stayers also frequent the park. Padre Palms is a 5-minute walk from Philip Dimitt fishing pier, 5-minute drive from H-E-B, and a 13-minute drive from highly visited Whitecap Beach.
Property Details
- Class
- B
- Year Built
- 1974
- Stories
- 1
- Property Subtype
- Manufactured Housing/Mobile Home
- Lot Size (sq. ft)
- 171,626 SF
- Units
- 80
Highlights
- Seller Financing Available
- Amazing Amenities
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