Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground

RV Park/Campground Details

  • Purchase Method: Seller Financing
  • Cap Rate: 8.7%
  • Listing ID: 543724
  • Posted On: Jun 23, 2015
  • Updated On: Jul 30, 2018

Description

Campground with annual tenants above beautiful Pine Flat Lake with a very nice house and additional land for development. Pine Flat Lake is 35 miles east of Fresno in the Sierra Nevada mountain foothills at an elevation of 1,000 feet. Pine Flat Lake is 23 miles long and offers excellent water skiing and fishing. The campground has 95 sites all with water and electric with 88 rented at $455 per quarter ($151.67 per month), 1 site with sewer at $465 per quarter, 3 shared sites with second electric meter at $255 per quarter, 2 sites with same owner at $305 per quarter, and 1 overnight site. Satellite tv is provided by the campground at $17.75 per quarter and approximately one-third of the tenants contract for it. The campground also has one doublewide mobile home site with sewer and the I Forgot Store with fuel at the front of the campground. The store is approximately 800 square feet with two fuel pumps with three 1,000 gallon above ground fuel tanks. At the top of the campground is a very attractive owner’s house with 3 bedrooms/2½ baths in 2,000 square feet with a four car garage and a beautiful deck overlooking Pine Flat Lake with a pool and solar. The campground has two bathhouse facilities, dump station, gate, and a volleyball court. Campground parcel has a big meadow area that would be a great location to move the store to for better exposure and more parking. Well water, 30 amp electrical service, gravel roads, lots of shade trees, and septic sewer for the house, bathhouses, two RV sites and mobile home. Seller has replaced all water lines in the campground and installed new water pump. Separate vacant five acre parcel above the house for potential additional RV sites, homesite, or high demand boat/RV storage. Campground is very popular with primarily water skiers from Los Angeles and the Central Valley areas from Bakersfield to Fresno who keep their RV and boat at the campground. The monthly rent of $152 is far below what storage would be and the resident gets to keep his RV, boat, houseboat, wave runners, etc., all together. Broker believes property offers tremendous upside by adding sewer to all sites, paving streets, selling park models on site, adding additional RV sites or boat storage to the five acres of vacant land and meadow area, and increasing very low rents.

Amenities

  • Laundromat
  • Storage
  • Manager Office
  • Bathhouse
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Park Information

Number of RV Lots: 95
Year Built: 1960
Average RV Lot Rent: $150
Size: 28.5 acre(s)

Financial Information (Actual)

Debt Info: Seller

Utility Information

Water: Well
Sewer: Septic

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