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2455 Fm 2657 Copperas Cove, TX 76522
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Joy RV Park Total acreage is 17.3 commercial acres on a state highway and interstate highway 5 minutes from the largest military base in the world. One hour from Austin. Property will be a place for lower income to reside not a vacation spot in this area. All surrounding parks stay overfilled. Construction loan appraisal 10/2022 $3m (without MH Park income) MH Park side is bringing in $100k NOI currently with 5 brand new mh homes, 1 remodeled double wide and 1 lot rent. -RV Park needs $1.5m to complete development Once rv side is complete, income on both sides is $650k NOI Upon completion and As a 10 cap, value of the entire resort will be $6.5m Total purchase price $2.35m Completion costs $1.5m Holding costs until complete apx $120, 000 Total investment $3.970m Valué at completion $6.5
a week ago | Listing updated with changes from the MLS | |
a week ago | Price changed to $2,350,000 | |
3 weeks ago | Listing first seen online |
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Data last update – 2023-09-28 02:55 PM CDT
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