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Key Details
Property Type Commercial
Sub Type Commercial Improved Prop
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1742116
Sold Date 12/16/24
Construction Status Wood
Year Built 1993
Annual Tax Amount $2,881
Lot Size 0.918 Acres
Property Sub-Type Commercial Improved Prop
Property Description
Looking for a Unique Investment Opportunity? Welcome to your next profitable venture in Rockport, Texas! This mixed-use property offers a charming two-bedroom home and a fully operational RV park, designed to attract both vacationers and long-term tenants. Property Highlights: Prime Location: Situated in the serene Holiday Beach subdivision, this property boasts great visibility right off the main drag, ensuring a steady stream of potential tenants and guests. Income Potential: Currently featuring 7 rentable RV spots, with the potential to expand up to 11 spots, this property offers significant income opportunities. Amenities Galore: Enjoy access to 2 boat docks, a fishing pier, a community swimming pool, a community center, and a playground. These amenities make it an attractive option for guests looking for both relaxation and recreation. Utilities and Infrastructure: The property is equipped with city water and electric services. The stabilized parks have maintained clean rent rolls over the past 36 months without any marketing efforts, providing investors with major value-add opportunities. Storage Included: A storage garage is also included, adding to the convenience and appeal for tenants. Tax Benefits: Located in Texas, an income tax-free state, this property offers additional financial advantages for investors. Perfect for Investors: First-Time Investors: This property is ideal for those looking to make their first foray into real estate investing. Cap Rate sitting at or about 13.84% 1031 Exchange: Roll over your 1031 exchange into this high-potential property and maximize your returns. Don't Miss Out: Rockport is the ultimate getaway destination, known for its relaxed atmosphere and vibrant community. This property offers a unique blend of residential comfort and commercial opportunity, ensuring a steady income stream and long-term growth potential. Call today to schedule a showing and seize this exceptional investment opportunity! Seller is willing to carry note!
Location
State TX
County Aransas
Area 3100
Zoning COMMERCIAL
Interior
Heating Central
Cooling Central
Exterior
Garage Spaces 14.0
Utilities Available Electricity, Water, Telephone, Septic, Cable TV
Roof Type Composition
Building
Story 1
Foundation Slab
Level or Stories 1
Construction Status Wood
Schools
School District Aransas
Others
Acceptable Financing Sale Only, Cash, Conventional, 1st Seller Carry
Listing Terms Sale Only, Cash, Conventional, 1st Seller Carry
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Driven by his passion for real estate, Les has made a name for himself as an agent in the greater San Antonio area. This rewarding journey into real estate has afforded Les the opportunity to work with amazing buyers, sellers and investors in the community.
In addition to being a consummate real estate professional, Les is a proud husband, father, and grandfather who takes pride in helping clients find the homes they want.
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