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

RV Park/Campground Details

  • Purchase Method: New Loan
  • Cap Rate: 10.4%
  • Listing ID: 722597
  • Posted On: Nov 14, 2016
  • Updated On: Feb 15, 2017

Description

Very attractive and newer 59 sites RV park adjacent to Highway 5 in the Northern California town of Corning. All 59 RV sites are full hookup with 50 amp electric and are 90 feet long. The park was built in an olive grove offering beautiful shade and each site is surrounded by green grass. 40 of the RV sites are pull thrus. Rental rates are $35 Daily, $198 Weekly, and $350 Monthly going to $370 January 1st. The park averages 30-40 monthlies and then has strong demand from overnighters off Highway 5. Amenities include bathrooms and showers, laundry, wifi, cable tv, shade and green grass, bbq area, and off leash dog run. The manager’s home is a 3 bedroom/2 bath manufactured home with the third bedroom built out as an office with an exterior door. Septic sewer and well water. The property is in excellent condition and the owner has made a number of improvements over the last two years. Excellent upside in increasing occupancy rate. Great cash flow.

Please contact Broker to setup appointment to see property.

Amenities

  • Laundromat
  • Manager Office
  • Bathhouse
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 59
Year Built: 1990
Average RV Lot Rent: $370
Size: 7.5 acre(s)

Financial Information (Actual)

Gross Income: $265
Operating Expense: $168
Net Operating Income: $96
Expense Ratio: 63.4 %

Utility Information

Sewer: Septic