1301 E Cr 140, Midland Property Listing: MLS® #14149458

A boomin’ opportunity with a return as good as the black gold surrounding it. Centered in the heart of the West Texas Oilfields this low maintenance RV Park investment yields a healthy 11.86% cap rate with a 98+%, year-round occupancy. This Park boasts 74 total spaces on approx. 5.5 acres with private well & septic, underground electric, cable & internet. Spaces currently rent for $650 & $750 on larger spaces, all utilities included. Recently, a multi-unit laundry & common showers were added for additional revenue. A manager is currently in place for a hands-off operation or it could easily be managed yourself. #1 in crude & #2 on natural gas production in the State of Texas. The Cap rate is approx. 11.86%.

1301 E Cr 140, Midland Property Listing: MLS® #14149458 Close
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  • Price$4,200,000
  • Acres5.61
  • Built2018

1301 E Cr 140, Midland

A boomin’ opportunity with a return as good as the black gold surrounding it. Centered in the heart of the West Texas Oilfields this low maintenance RV Park investment yields a healthy 11.86% cap rate with a 98+%, year-round occupancy. This Park boasts 74 total spaces on approx. 5.5 acres with private well & septic, underground electric, cable & internet. Spaces currently rent for $650 & $750 on larger spaces, all utilities included. Recently, a multi-unit laundry & common showers were added for additional revenue. A manager is currently in place for a hands-off operation or it could easily be managed yourself. #1 in crude & #2 on natural gas production in the State of Texas. The Cap rate is approx. 11.86%.

Essential Information

  • MLS® #14149458
  • Price$4,200,000
  • Bathrooms0.00
  • Acres5.61
  • Year Built2018
  • TypeCommercial
  • Sub-TypeSale
  • StatusActive

Amenities

  • UtilitiesOutside City Limits, Septic, Well
  • FeaturesOther
  • GaragesAssigned Spaces, Uncovered

Exterior

  • RoofMetal
  • ConstructionMetal
  • FoundationSlab

Listing Details

  • Listing AgentTroy Luecke
  • Listing OfficeThe Platinum Group Real Estate

Community Information

  • Address1301 E Cr 140
  • AreaOTHER AREAS WITHIN THE U.S. (999)
  • SubdivisionS Part
  • CityMidland
  • CountyMidland
  • StateTX
  • Zip Code79709-2725

Interior

  • HeatingNo Air, No Heat
  • # of Stories1
  • Stories1

Additional Information

  • Zoningcommerc
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Listing information last updated on November 21st, 2019 at 10:30pm CST.