2401 N STATE HWY 118

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2401 N STATE HWY 118

ALPINE, TX 79830-2053
Asking Price
$4.50M
Cap Rate
8%
Asset Type
RV Park Multifamily
Class
Class B

What's Special

Destination RV Park Near Big Bend National Park | 100+ Units | Seller Financing Available <ul><li>​<strong style="color: rgba(31, 31, 31, 1)">Gateway to Big Bend National Park</strong><span style="color: rgba(31, 31, 31, 1)"> - Lost Alaskan is the closest large, full-amenity RV park to Big Bend, capturing destination travelers along the Highway 118 corridor through Alpine to the park's north entrance.</span></li></ul><p></p><ul><li>​<strong style="color: rgba(31, 31, 31, 1)">Expansion Land Included</strong><span style="color: rgba(31, 31, 31, 1)"> - Approximately 2 acres of usable, u

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NOI
$80,000
Cap Rate
1.78%
DSCR
0.30
Underwater
Cash-on-Cash
-13.86%
Monthly Payment
$22,263.545
Annual Cash Flow
$-187,162.537

Location & Travel Times