104 E Springcreek Road, Olney, Texas 76374

TX, Olney
$450,000
  • 1.94 Acre
  • Commercial Sale Property Type
  • 1980 Year Built
  • Active Status
Steven M
Steven M Realtyna
  • 112-345-768
  • Support@Realtyna.com
  • 200 Continental Drive, Suite 401, Newark, DE 19713 USA
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. 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. 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.

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 20921134
  • Price: $450,000
  • Year Built: 1980
  • Lot Area: 1.94 Acre
  • Listing Status: Active
  • Office Name: Cates & Company
  • Agent Name: Heather Kingston
  • Property Sub Type: Business
  • Roof: Other
Features
  • Heating System None
  • Cooling System None
  • Parking Driveway
  • Utilities Sewer Available,Water Available,Electricity Connected
  • Flooring Wood
  • Sewer Public Sewer
Address Map
  • Country US
  • State TX
  • County Young
  • City Olney
  • Zipcode 76374
  • Street: Springcreek
  • Street Number: 104
  • Street Suffix: Road
  • Longitude: W99° 14' 47''
  • Latitude: N33° 21' 43.1''
  • Directions: Use 102 E Springcreek for GPS directions!
  • Street Dir Prefix: E
Additional Information
  • Virtual Tour: https://www.propertypanorama.com/instaview/ntreis/20921134
  • Building Size: 112
  • Business Type: Commercial, Other, Rental, Laundromat
  • Foundation Details: None
  • Lot Features: Acreage
  • Stories Total: 1
Financial
  • Tax Annual Amount: 1224.0
Listing Information
  • List Agent Mls Id: 0685081
  • List Office Mls Id: CRTO01WF
  • Listing Term: Cash,Conventional,1031 Exchange
  • Mls Status: Active
  • Modification Timestamp: 2025-05-21T16:29:41Z
  • Originating System Name: NTR
  • Status Change Timestamp: 2025-04-30T19:06:40Z
MLS On The Fly

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