RV Park/Campground Details
- Purchase Method: New Loan
- Cap Rate: 8.6%
- Listing ID: 549968
- Posted On: Jul 28, 2015
- Updated On: Oct 29, 2015
Description
River One RV Park is a 28 space "Family" RV park located along the Oro Dam Blvd and adjacent to the Feather River in Oroville, Ca. The majority of the RV spaces are leased to longer term tenants providing a steady stream of rental income. River One offers a variety of amenities including, shower facilities, laundry facilities, covered outdoor barbeques and patio. It also provides fishing access on the Feather River. River One RV park owns and leases a commercial building to "Golden Feather Marketplace" which operates a convenience store servicing the general public as well as the RV tenants. the marketplace is priced at $250,000 and is in addition to the RV park pricing.
Location
The City of Oroville is considered the gateway to the Lake Oroville and Feather River Recreational opportunities. River One RV Park sits adjacent to the Feather River and is also convenient to downtown.
Amenities
- Laundromat
- Bathhouse
- Store
Park Information
| Number of RV Lots: | 28 |
| Year Built: | 1978 |
| Average RV Lot Rent: | $330 |
| Size: | 1.0 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $132 |
| Operating Expense: | $63 |
| Net Operating Income: | $69 |
| Expense Ratio: | 47.7 % |
| Debt Info: | Cash to new loan |
Utility Information
| Water: | Well |
| Sewer: | City |