Park
RV Park/Campground Details
- Purchase Method: Seller Financing
- Cap Rate: 11.0%
- Listing ID: 485539
- Posted On: Nov 20, 2014
- Updated On: Nov 16, 2015
Description
Located in the White Mountains at 7000’ feet this small park on the main highway through town offers an investor immediate upside with low maintenance. Park is on city utilities and management is in place. Seller will carry note on property for $30,000 down with a ten year term at 5% with payments amortized over 30 years.
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Park Information
| Number of RV Lots: | 16 |
| Year Built: | 1980 |
| Average RV Lot Rent: | $250 |
| Size: | 1.0 acre(s) |
Financial Information (Actual)
| Gross Income: | $32,090 |
| Operating Expense: | $14,305 |
| Net Operating Income: | $17,000 |
| Expense Ratio: | 44.6 % |
Utility Information
| Water: | City |
| Sewer: | City |