RV Park/Campground Details
- Purchase Method: Cash
- Cap Rate: 6.8%
- Listing ID: 1135641
- Posted On: Sep 19, 2019
- Updated On: Nov 25, 2020
Description
35 Mobile Home lots, 22 RV lots.
Marina and lakefront pier with pavilion on a chain of lakes that reaches world wide. Owners brick home with attached office.Country living without city traffic located near a regional enclosed shopping mall, many dining choices, trophy bass fishing, premier golf courses and highly rated medical care facilities.
VALUE ADDED OPPORTUNITY: 15 mobile home lots available for new homes. RV lots currently pay for seasonal occupancy only. BROKERS OPINION: By filling the vacant mobile home and RV lots and charging current market rates, this property could produce over $350,000 in gross income with minimal increase in total expenses. An owner/ operator will be able to live in a 1,550 sq ft 3 bedroom, 2 bath home including all utilities free surrounded by a picturesque waterfront setting leading to waterways world wide.
Location
Central Florida within 45 minutes of Orlando attractions.
Amenities
- Laundromat
- Storage
- Boat Access
Park Information
| Number of RV Lots: | 22 |
| Average RV Lot Rent: | $453 |
| Size: | 7.0 acre(s) |
Financial Information (Actual)
| Gross Income: | $141,693 |
| Operating Expense: | $39,749 |
| Net Operating Income: | $101,944 |
| Expense Ratio: | 28.1 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |