6744 Tx-35 N

Description

Looking for a Unique Investment Opportunity? Welcome to your next profitable venture in Rockport, Texas! This mixed-use property offers a charming two-bedroom home and a fully operational RV park, designed to attract both vacationers and long-term tenants. Property Highlights: Prime Location: Situated in the serene Holiday Beach subdivision, this property boasts great visibility right off the main drag, ensuring a steady stream of potential tenants and guests. Income Potential: Currently featuring 7 rentable RV spots, with the potential to expand up to 11 spots, this property offers significant income opportunities. Amenities Galore: Enjoy access to 2 boat docks, a fishing pier, a community swimming pool, a community center, and a playground. These amenities make it an attractive option for guests looking for both relaxation and recreation. Utilities and Infrastructure: The property is equipped with city water and electric services. The stabilized parks have maintained clean rent rolls over the past 36 months without any marketing efforts, providing investors with major value-add opportunities. Storage Included: A storage garage is also included, adding to the convenience and appeal for tenants. Tax Benefits: Located in Texas, an income tax-free state, this property offers additional financial advantages for investors. Perfect for Investors: First-Time Investors: This property is ideal for those looking to make their first foray into real estate investing. Cap Rate sitting at or about 13.84% 1031 Exchange: Roll over your 1031 exchange into this high-potential property and maximize your returns. Don't Miss Out: Rockport is the ultimate getaway destination, known for its relaxed atmosphere and vibrant community. This property offers a unique blend of residential comfort and commercial opportunity, ensuring a steady income stream and long-term growth potential. Call today to schedule a showing and seize this exceptional investment opportunity! Seller is willing to carry note!