Contact Information
RV Park/Campground Details
- Price: $2,900,000
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 3043564
- Posted On: May 31, 2023
- Updated On: Jul 12, 2023
Description
*** PRICE REDUCED ***
Wait until you see this gem! Ready for the next owner to to take it to the next level! Property is 18 Acres +/- and recently upgraded from 55 sites to 90 sites. Very good rental experience! This property has been upgraded so you don’t have to! While the owners home is a work in progress there is a benefit to having a space on site. The current owners enjoy wildlife as do the guests – and they are plentiful! The have more than 100 fruit trees on property attracting Deer, rabbits and other playful wildlife to the park. This property is also served by AccessParks so fiber WiFi is available throughout the park!
This park is nearly packed July, August, and September – Owners currently contract with RV Caravan companies for Great River Road tours – as they are the best full hook up park near the start of the Mississippi River! You will love this place!
This property cash flows nicely at a 10% Cap Rate analysis. Financial and pro forma info available with signed NDA.
Amenities
- Laundromat
- Club House
- Storage
- Manager Office
- Bathhouse
- Store
- Wifi
Park Information
| Number of RV Lots: | 90 |
| Average RV Lot Rent: | $4,950 |
| Size: | 18.0 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $408,000 |
| Operating Expense: | $86,500 |
| Net Operating Income: | $321,500 |
| Expense Ratio: | 21.2 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
