Red Cloud RV Park — Sale in Silsbee, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Silsbee, TX 77656

Investment Figures

Cap rate
8.30%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Red Cloud RV Park, a 70-space RV park located in Silsbee, Texas. The property features 67 concrete RV pads, three cabins, a clubhouse, a pool, and an on-site office with living quarters for the property manager. The park is located less than one mile from Walmart and approximately 20 minutes from Beaumont. Red Cloud RV Park is offered at an 8.29 percent capitalization rate, with an estimated day-one net operating income of $165,817. Seller financing is available with a minimum 30 percent down payment, six percent interest-only payments, and a five-year balloon. Current rental rates range from $450 to $525 per month, $175 to $225 weekly, and $50 to $60 nightly, all inclusive of utilities. The property has historically maintained approximately 90 percent annual occupancy, with the majority of tenants staying long term. The park operates on city water and sewer. It is currently managed by the owners, who reside adjacent to the property, along with an on-site manager who lives in the front office. The current manager is open to remaining in place post-sale, though compensation would need to be adjusted to reflect an expanded role. Please do not visit the property without prior approval. All tours must be scheduled through a Marcus & Millichap agent. Investment Highlights: • 67 Concrete RV Pads and Three Cabins • City Water and Sewer • Approximately 90% Historical Occupancy with Long-Term Tenants • Seller Financing Available • Offered for Less Than $30,000 Per Space

Market Context

This multifamily in Silsbee, TX is listed for sale. It is offered at an approximate 8.3% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Silsbee, TX — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in Silsbee, TX