4846 County Road 3408 - Specialty FOR SALE


Lone Oak, TX 75453
$1,899,999 USD
214-923-2546
4846 County Road 3408, Lone Oak, TX for Sale
$1,899,999 USD
Specialty - FOR SALE
1/8
null | 8.68% Cap Rate

4846 County Road 3408
Lone Oak, TX 75453


HIGHLIGHTS

  • Possible owner financing with 50% down, 7.5% interest rate.
  • All lots have direct WI-FI access.
  • 5 minutes to Lake Tawakoni, the famous catfish capital of Texas.

OVERVIEW

43 RV lots currently, 84% occupied with monthly guests, another 8 lots ready to finish out, making it 51 lots total. Average monthly rent is $575/month. 2400 sq ft rental, office-owner/manager dwelling, swimming pool, 3 car garage, oversized 4 bay storage building or all these buildings could be rented for around $3000/month. Cap rate does not count the income for the buildings which would make cap rate over 10%.

FOR SALE DETAILS

PRICE

$1,899,999 USD

PRICE/SF

$470 USD /SF

CAP RATE

8.68%

% LEASED

83%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mockingbird Meadows RV Park

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.91 AC

LAND SF

388,120 SF

ZONING

Commercial

APN/PARCEL ID

113988

ASK ABOUT THIS PROPERTY

Rodney JenningsRodney Jennings VenturesMore Info
214-923-2546

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Rodney JenningsRodney Jennings VenturesMore Info
214-923-2546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.