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Colonial Del Ray RV Park 1717 Waldron Rd
2 Unit Mobile Home Park $14,000,000 USD ($7,000,000 USD/Unit) 7.10% Cap Rate Corpus Christi, TX 78418
Investment Highlights
- Seller Financing Available
- Amazing Amenities
Executive Summary
RV Park
Colonia Del Rey is a premier RV Park in Corpus Christi that provides investors the opportunity to purchase
a fully stabilized RV Park with an excellent operational history and customer satisfaction rating. The park
is fully developed with 217 full-hookup sites, the majority of which are concrete sites. The park has a 2023 year-to-date occupancy of 93.8% for Monthlys and 87.62% for nightly's continuing its strong historical track record suggesting rental growth opportunity. The park's primary source of rental income is generated from long-term monthly renters while daily and weekly stayers also frequent the park. Colonia Del Rey is a 2-minute drive from H-E-B, a 2-minute drive from Flour Bluff Elementary/Middle/High School, and a 14-minute drive from highly visited Whitecap Beach.
Colonia Del Rey is a premier RV Park in Corpus Christi that provides investors the opportunity to purchase
a fully stabilized RV Park with an excellent operational history and customer satisfaction rating. The park
is fully developed with 217 full-hookup sites, the majority of which are concrete sites. The park has a 2023 year-to-date occupancy of 93.8% for Monthlys and 87.62% for nightly's continuing its strong historical track record suggesting rental growth opportunity. The park's primary source of rental income is generated from long-term monthly renters while daily and weekly stayers also frequent the park. Colonia Del Rey is a 2-minute drive from H-E-B, a 2-minute drive from Flour Bluff Elementary/Middle/High School, and a 14-minute drive from highly visited Whitecap Beach.
Property Facts
| Price | $14,000,000 USD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $7,000,000 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 12.00 AC |
| Cap Rate | 7.10% | Building Size | 474,664 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1986 |
| Price | $14,000,000 USD |
| Price Per Unit | $7,000,000 USD |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | B |
| Lot Size | 12.00 AC |
| Building Size | 474,664 SF |
| No. Stories | 1 |
| Year Built | 1986 |
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PROPERTY TAXES
| Parcel Number | 234384 | Improvements Assessment | $4,911,203 USD |
| Land Assessment | $1,548,297 USD | Total Assessment | $6,459,500 USD |
PROPERTY TAXES
Parcel Number
234384
Land Assessment
$1,548,297 USD
Improvements Assessment
$4,911,203 USD
Total Assessment
$6,459,500 USD
zoning
| Zoning Code | T-1B |
| T-1B |
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Colonial Del Ray RV Park | 1717 Waldron Rd
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