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$ 469,900
Est. payment /mo
Active
605 Lakeshore Ln Bandera, TX 78003
2.82 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Subdivision Lake Medina Shores
MLS Listing ID 1941213
Style One Story
Year Built 2017
Annual Tax Amount $2,909
Lot Size 2.820 Acres
Property Sub-Type Multi-Family (2-8 Units)
Property Description
Rare Cash Flowing Hill Country Investment Opportunity: Medina River RV Park and Camping. Secure a turnkey, cash-flowing property on the Medina River between San Antonio and Bandera. This meticulously maintained park features 16 full-hookup 20/30/50-amp RV sites and 2 tent sites, with ample space to add at least 6 more RV sites for immediate expansion. The property currently operates at a strong 9.37% cap rate with a projected 18.25% pro-forma upside achievable through simple operational adjustments like online bookings, rate optimization, and accepting short-term guests (no capital expenditure required as the infrastructure is already in place for growth). The park offers an incredible utility moat including dual water sources with both city water and a private well, 6 metered electrical poles, high-speed fiber internet, and 6 permitted conventional septic systems designed for high capacity. Guest-centric amenities include on-site laundry, shower and restroom facilities, a park office with storage, covered RV and boat storage, and exclusive riverfront park access. Strategically designed for remote management, the property boasts extra-wide sites, mature trees for natural privacy, fencing, concrete pads, covered pavilions, and a park-owned security system. Ideally located for a diverse mix of short-term vacationers and long-term residents, this park offers the perfect combination of buy-and-hold stability and massive value-add potential. Capitalize on the untapped revenue streams of this high-performing Hill Country property. Schedule your tour today!
Location
State TX
County Bandera
Area 3100
Interior
Heating Other
Cooling Window/Wall
Flooring Laminate
Exterior
Exterior Feature Other
Garage Spaces 24.0
Roof Type Metal
Building
Foundation Other
Sewer Septic, City
Water City
Schools
Elementary Schools Alkek
Middle Schools Bandera
High Schools Bandera
School District Bandera Isd
Others
Acceptable Financing Conventional, Cash, Investors OK, Other
Listing Terms Conventional, Cash, Investors OK, Other
Listed by Thomas Martinez • Leverage Realty Consulting Group • (210) 878-6683
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