The Lazy Frog RV Park | 20 County Road NW 1030
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The Lazy Frog RV Park 20 County Road NW 1030
49 Unit Mobile Home Park £646,222 (£13,188/Unit) 6.67% Net Initial Yield Mount Vernon, TX 75457
Executive Summary
Property Details
•48 Full Hook-up RV spaces with 30/50 amp electric
31 of the 48 pads were recently installed and are separately metered
1- 1700sf Stick built house, 3 bed, 1.5 bath
A long-term onsite manager lives in the stick built home. Manager takes care of mowing and maintenance.
1- 16x30 building
-Onsite office
-Free WiFi
-Security Cameras
-Fenced property
-Pet-Friendly
-Lots of shade
-Longterm residents
-Over 400 ft of highway frontage and over 300 ft of county road frontage
-Utilities included in rent
-31 newly added spaces have separate meters
Seller financing available
Value Add Opportunity
-Raise rents to local competitor pricing
-Bill back electric to the 31 new spaces
-Advertise park to increase occupancy
-Build a laundry facility by running utilities to the 16x30 building
- Located in Franklin County, Texas
•48 Full Hook-up RV spaces with 30/50 amp electric
31 of the 48 pads were recently installed and are separately metered
1- 1700sf Stick built house, 3 bed, 1.5 bath
A long-term onsite manager lives in the stick built home. Manager takes care of mowing and maintenance.
1- 16x30 building
-Onsite office
-Free WiFi
-Security Cameras
-Fenced property
-Pet-Friendly
-Lots of shade
-Longterm residents
-Over 400 ft of highway frontage and over 300 ft of county road frontage
-Utilities included in rent
-31 newly added spaces have separate meters
Seller financing available
Value Add Opportunity
-Raise rents to local competitor pricing
-Bill back electric to the 31 new spaces
-Advertise park to increase occupancy
-Build a laundry facility by running utilities to the 16x30 building
- Located in Franklin County, Texas
Property Facts
| Price | £646,222 | Apartment Style | Low Rise |
| Price Per Unit | £13,188 | Building Class | C |
| Sale Type | Investment | Lot Size | 5.13 AC |
| Net Initial Yield | 6.67% | Building Size | 1,700 SF |
| Gross Rent Multiplier | 2.7 | Average Occupancy | 29% |
| No. Units | 49 | Number of Floors | 1 |
| Property Type | Residential | Year Built/Renovated | 2009/2024 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | £646,222 |
| Price Per Unit | £13,188 |
| Sale Type | Investment |
| Net Initial Yield | 6.67% |
| Gross Rent Multiplier | 2.7 |
| No. Units | 49 |
| Property Type | Residential |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 5.13 AC |
| Building Size | 1,700 SF |
| Average Occupancy | 29% |
| Number of Floors | 1 |
| Year Built/Renovated | 2009/2024 |
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PROPERTY TAXES
| Parcel Number | 20534 | Improvements Assessment | £136,114 |
| Land Assessment | £75,048 | Total Assessment | £211,162 |
PROPERTY TAXES
Parcel Number
20534
Land Assessment
£75,048
Improvements Assessment
£136,114
Total Assessment
£211,162
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The Lazy Frog RV Park | 20 County Road NW 1030
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