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Photo of RV Park/Campground
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RV Park/Campground Details

  • Cap Rate: 9.1%
  • Listing ID: 855388
  • Posted On: Sep 6, 2017
  • Updated On: Apr 1, 2019

Description

105 sites RV park and campground 35 miles east of Fresno in the Sierra Nevada foothills down the street from the Pine Flat Lake and Marina. Lakeridge is located between The Giant Redwoods of Sequoia National Forest and Yosemite National Park. Pine Flat Lake is 30 miles long with 6,000 acres and is a major boating and fishing destination. 85 sites are rented year round with 25 sites having full hookups and the balance with water and electric. There are 25 full hookup RV sites occupied by 12 full time residents that rent for $285-$325 per month plus submetered electric, and 8 are Vacation Sites at $660- $720 plus electric. The balance of 80 sites are Vacation Sites with water and electric only rent for $600 per quarter. Camping rates for water and electric sites are daily $35, weekly $180, and monthly $440, and tents daily $25, weekly $150, and monthly $370. The park has 30 amp electric but “Main Street” with the 25 full hookup sites can be upgraded to 50 amp. The septic sewer system has enough capacity to put every site on sewer. The owner’s park model is included in the sale along with the manager mobile home and office mobile home. The office is also a mobile home and has living quarters that are currently not being used. Small store that is currently not being operated. Laundry and bathrooms building. The typical permanent resident keeps their RV trailer at the park year round and have a permanent structure covering their RV and also a structure covering their boat, houseboat, and/or wave runners. They could not rent storage cheaper and they are adjacent to the lake. Please visit the park’s web page for more information at www.lakeridgecamground.com. Please do not visit the Property or contact anyone onsite without notice. Please contact Broker to schedule a visit.

Park Brokerage also has another park listed near this property. Potential buyer could have one manager run both parks, see link below for information.

http://www.loopnet.com/Listing/15031704/29925-Sunnyslope-Road-Piedra-CA/

Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 105
Year Built: 1957
Average RV Lot Rent: $440
Size: 20.0 acre(s)

Financial Information

Gross Income: $245
Operating Expense: $117
Net Operating Income: $127,175
Expense Ratio: 47.8 %

Utility Information

Water: Well
Sewer: Septic

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