Photo of RV Park/Campground
Photo of RV Park/Campground
RV Park/Campground Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 14.4%
- Listing ID: 675178
- Posted On: Jun 8, 2016
- Updated On: Apr 19, 2017
Description
RV Sites and recreational facility overlooking lake. Located near a large intra-coastal waterway and lake.
NOTES:
170 sites have cement pads. All sites have water, sewer and electric hook - ups. 75 sites have 50 AMP service. Over 300 lots were occupied by one seasonal guest for 4 to 6 months. 2017- 2018 rates are $1900/2000/2100 for 4/5/6 months. Two homes situated on 2 separate lots are included in addition to the 331 lots. In the last 4 years there have been 60 new lots added plus other new equipment and additions to the property. The 40 sewer customers have life time leases.
Amenities
- Laundromat
- Pool
- Club House
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Park Information
| Number of RV Lots: | 348 |
Financial Information (Actual)
| Gross Income: | $940 |
| Operating Expense: | $327 |
| Net Operating Income: | $612 |
| Expense Ratio: | 34.8 % |
Utility Information
| Water: | City |
| Sewer: | City |