104 E Springcreek Road new Save Request In-Person Tour Request Virtual Tour
Olney,TX 76374
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision 0402
MLS Listing ID 20921134
Total Fin. Sqft 112
Year Built 1980
Annual Tax Amount $1,224
Lot Size 2.810 Acres
Acres 2.81
Property Sub-Type Business
Property Description
Now offered for sale is a cash-flowing 20-site RV park in Olney, TX, with all spaces currently leased at 500 month. That's 10K per month in gross rental income from day one; an immediate opportunity for investors looking to step into reliable returns. The park is designed for long-term tenants and includes a central laundry facility to enhance resident satisfaction. Current rents include water, sewer, electricity, and Wi-Fi; but tenants are in the process of transitioning to pay their own electric, which will significantly improve the park's net operating income and cash flow. Expansion-Ready Lot Included Also included in the sale is a .87-acre parcel directly across the street. This parcel is already: Approved by the city for 4 additional RV sites, Plumbed for water and sewer, Graded and prepped with roads already cut in. The only remaining step to activate these additional sites is to install electric hookups; a quick and affordable way to increase revenue potential. Why Olney, TX? Owner currently expanding with new building also! With a revitalized downtown, proactive economic development efforts, and a growing population of workforce residents, the demand for affordable long-term housing options like RV parks continues to climb. Located near regional employment hubs and supported by city infrastructure, Olney offers a strong foundation for stable occupancy and investor-friendly returns. Investment Highlights: 20 active RV pads, all leased at 500 per month with potential 120K annual gross income up to 144K, Tenants transitioning to pay their own electricity (future expense reduction) On-site laundry facility for tenant convenience; .87-acre lot across the street, shovel-ready for 4 more RV sites. Approved city permits for expansion. Strong location in a growing North Texas town. At just 475K, this property offers immediate income with room to grow; a perfect blend for buy-and-hold investors, 1031 exchange buyers, or operators looking to expand their portfolio.
Location
State TX
County Young
Zoning Parcel 1 zoned "Manufactured Home" and Parcel 2 zoned R3 residential.
Direction Use 102 E Springcreek for GPS directions!
Interior
Heating None
Cooling None
Flooring Wood
Heat Source None
Exterior
Utilities Available City Sewer,City Water,Electricity Connected
Roof Type Other
Garage No
Building
Lot Description Acreage
Foundation None
Structure Type Siding
Others
Ownership Clear View RV LLC
Acceptable Financing 1031 Exchange,Cash,Conventional,Fixed
Listing Terms 1031 Exchange,Cash,Conventional,Fixed
Special Listing Condition Aerial Photo
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20921134