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%.
- MLS® #14149458
- Year Built2018
- UtilitiesOutside City Limits, Septic, Well
- GaragesAssigned Spaces, Uncovered
- Listing AgentTroy Luecke
- Listing OfficeThe Platinum Group Real Estate
- Address1301 E Cr 140
- AreaOTHER AREAS WITHIN THE U.S. (999)
- SubdivisionS Part
- Zip Code79709-2725
- HeatingNo Air, No Heat
- # of Stories1
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Listing information last updated on November 21st, 2019 at 10:30pm CST.