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190 S. CR 404
Pecos, TX 79772
Asking Price
$5.04M
Asset Type
RV Park Multifamily
Class
Class B
What's Special
Ideal land use: RV Park <p><span style="color: rgba(6, 34, 57, 1)">Lying just north of Pecos along CR 404 lies 20 Acres that has been cleared and has a design completed for 306-unit Class A RV Park with modern and master community type amenities, includes completed Civil Engineering and Architectural landscape design plans, City Permitting and reputable General Contractor selection. This tract is located in the Extra Territorial Jurisdiction (ETJ) Opportunity Zone (outside of City Limits) in North Pecos Texas with City
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NOI
$80,000
Cap Rate
1.59%
DSCR
0.27
Underwater
Cash-on-Cash
-14.50%
Monthly Payment
$24,935.17
Annual Cash Flow
$-219,222.041