Photo of RV Park/Campground

RV Park/Campground Details

Purchase Method: Cash, New Loan
Cap Rate: 8.3%
Listing ID: 542328
Posted On: Jun 15, 2015
Updated On: Apr 14, 2016

Description

74-Space MH & RV Park, located just 10 min. from Albuquerque (and 25 min. from Santa Fe)!! Clubhouse, Office, Rec Room w/Pool Table, Laundry, Restrooms/Showers & More!! Beautiful park in excellent condition. HUGE UPSIDE in filling five (5) vacant MH lots and an additional seven (7) sites w/o utilities. Only one (1) park-owned MH (mgr), otherwise ALL are "tenant owned" units, no rentals. Gorgeous park with HUGE UPSIDE!!

Just off I-40 (Exit 178 "Zuzax") on south side of "Route 66 Hwy" (NM 333). one mile west of Zuzax exit on south side of Route 66.

Amenities

Laundromat
Club House
Storage
Manager Office
Wifi

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Park Information

Number of RV Lots:	74
Year Built:	1972
Average RV Lot Rent:	$350
Size:	12.0 acre(s)

Financial Information (Actual)

Gross Income:	$219,587
Operating Expense:	$112,794
Net Operating Income:	$106,793
Expense Ratio:	51.4 %
Debt Info:	New Loan Amt $895K (w/$400K Dn)

Utility Information

Water:	Well
Sewer:	Septic

Tijeras MH & RV Park 768 Nm 333, Tijeras, NM 87059

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