Magic Valley RV/MHP - 2300 W Business Highway 83, Mission, TX 78572

OFFERED AT $6.95M - At an offering price of $6.95M, the park offers a 7.0% cap rate on owner's Fiscal 2018 Income (FYE March-2018). Projected 7.6% cap rate on projected FY-2019 Income. Returns assume expense adjustments to reflect standard operating expenses only.
389-SITE RV & MOBILE HOME PARK - Magic Valley Park is a 389-site "Over 55" RV and Mobile home park. The park is a gated community, and managers live on site. Numerous community & recreational facilities. Residents can choose from over twenty planned events including sports, music, card and board games, church and others.
SEASONAL RENTALS - Much of the park is rented on a seasonal basis with up to six months of rent paid upfront.
MIX OF SITES AND RENT STRUCTURES - The park offers sites for Tenant-Owned Homes, Park-Owned Homes, Park-Owned RV's,
Transient RV's and Big Rigs. An prospective buyer could leverage the park mix to suit their desired income profile.
CAPITAL IMPROVEMENTS - Recent capital improvements include $50,000 upgrades to lobby restrooms and $20,000 for
new heating and pump equipment for the pool. Asphalt roads were improved at an expense of $5,300. Additional items
included pothole repair and road seal coat as well as repairs to gates and chain link fencing.