RV Park/Campground Details
- Purchase Method: New Loan
- Cap Rate: 8.5%
- Listing ID: 1192205
- Posted On: Feb 19, 2020
- Updated On: Feb 7, 2023
Description
Reservations and stays up 50% year to date 2020 over 2019!!! Cap rate will easily be over 10%.
The park and campground have 120 full hookup RV sites, 78 tent sites, and 20 water only, overflow or group sites, and 20 rental cabins with bathrooms and kitchens. Amenities include a main service building with two apartments upstairs, 4 bath houses, satellite bathhouse, pavilion, pool, indoor rec room, snack bar, playground, propane, fishing, mini golf, large convenience store with walkin cooler and expresso coffee bar, commercial laundry, rental kayaks, paddle boards, 3-wheel bikes, and rafts, and a marina with 70 boat slips. The park is Big Rig friendly with many sites with 50 amp service, and the tree sites are very spacious and tree covered. The park is adjacent to hundreds of hiking and ATV trails in the Trinity Wilderness just outside the park. A boat launch is two miles away. Septic sewer and water provided by a community water district. The tent sites and marina are on the 22 acres Forest Service lease. The park is priced significantly below replacement cost with strong market and operational upside.
Location
High quality, KOA Holiday RV park and campground on the northwest end of Trinity Lake on 70 wooded acres in the Trinity Alps. The Trinity Alps are a beautiful, mountain paradise. Trinity Center is an hour, 20 minutes from Redding and almost four hours from Sacramento.
Amenities
- Laundromat
- Pool
- Club House
- Storage
- Boat Access
- Manager Office
- Bathhouse
- Store
- Wifi
Park Information
Number of RV Lots: | 120 |
Year Built: | 1970 |
Average RV Lot Rent: | $70 |
Size: | 70.0 acre(s) |
Financial Information (Actual)
Gross Income: | $830,757 |
Operating Expense: | $597,720 |
Net Operating Income: | $233,037 |
Expense Ratio: | 71.9 % |
Debt Info: | Buyer to obtain new loan |
Utility Information
Water: | City |
Sewer: | Septic |