RV Park/Campground Details

Purchase Method: Cash, New Loan
Cap Rate: 10.0%
Listing ID: 441668
Posted On: May 5, 2014
Updated On: Aug 7, 2014

Description

Owners (less than a year) need to sell, due to age and health issues.
Small RV park in the cool quiet mountains north Ruidoso, NM.
3.4 (+/-) acres (room to expand, now accommodates tent campers and RV storage) 10 tent camping sites and 5 storage lots for RVs
Well and 2 septic systems; office/club house; storage building; public restroom with shower and laundry room.
13 lots with full hookups (all lots have both 30 & 50 amp service); 5 pull through lots and 8 back in lots.
66X100 fenced-in garden area with 2 water features, deck with gas BBQ grills, fire pit and flower beds.
Long-term and nightly rentals enhance cash flow:
28X50 upscale 2 bedroom, 2 bath furnished double wide mobile home, currently leased for $960 per month
10X52 2 bedroom, 1 bath furnished single wide mobile home currently leased for $550 per month
10X50 2 bedroom, 1 bath furnished single wide mobile home currently leased for $600 per month
Newly remodeled and upgraded 1 bedroom, 1 bath suite with living room and kitchen rents for $99 per night or $500 per week
New motel type 1 bedroom,1 bath with refrigerator, microwave and coffee maker rents for $79 per night or $400 per week.
Additional pictures available on our website at www.ruidoso-rvpark-campground.com
15 to 25 minutes from many activities: Shopping, Spencer Theatre, Casinos, Horse Racing (Ruidoso Downs Race Track home of The All American Futurity World's Richest Quarter Horse Races on Labor Day), Dining, Tubing, Snow Skiing, Hiking Trails, Fishing, Hunting, Historic Towns, 1850s Army Fort Stanton, Smokey Bear's Memorial Grave Site, Billy the Kid Country and Scenic Byway, Lincoln National Forest, NM State Parks, Monuments and Sites, etc.

Location

RV park is located 8 miles north of village limits of Ruidoso, NM on NM Hwy 37 (the road from Ruidoso, NM to Nogal, NM and Carrizozo NM.
From the east village limits of Ruidoso, NM and the Y of US 70 and NM 48 follow NM 48 to the 13 mile post, turn west on to NM 37. From the intersection of NM 48 and NM 37, follow NM 37 west/northwest 4 miles to mile post 4 and the RV park is located on the right (east side of NM 37).
From the intersection of US 380 and NM 37 (8.5 miles east of Carrizozo, NM between the 73 and 74 mile posts on US 380) turn south on to NM 37 and follow NM 37 south/southeast 10 miles (through Nogal, NM) to mile post 4 and the RV park is located on the left (east side of NM 37).