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$475,000

Est. payment - /mo

2.81 Acres Lot

New

104 E Springcreek Road Olney, TX 76374

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Genevieve Golden

gen@thegoldenrealtygroup.com +1(903) 268-6347

UPDATED:

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

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Heather Kingston • Cates & Company

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Genevieve Golden

Broker | License ID: 0603993

+1(903) 268-6347

104 E Springcreek Road Olney, TX 76374

Genevieve Golden

Key Details

Location

Interior

Exterior

Building

Others

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104 E Springcreek Road