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: 7.2%
  • Listing ID: 866883
  • Posted On: Oct 9, 2017
  • Updated On: Jun 12, 2018

Description

: One of the most desirable outdoor hospitality locations in CA adjacent to the very popular Bass Lake with boating, fishing, and recreation set at a pine tree elevation of 3,500 feet in the California foothills AND the nearest RV resort to the south entrance to Yosemite National Park. 170 full hookup RV sites with 50 amp electric service and on local water and sewer district utilities. Rental rates are $60 daily, $360 weekly, and extended stay $400/month plus elec for year round and $650/month plus elec for seasonal. 4 mobile homes with a 3 BR manager home, sales office next to store/office, and two overnight rental homes. 16 park model cabins at rental rates of $60/$70/$80 for smaller cabins, $84/$96/$106 for larger queen with bunk bed, and $144/$156/$166/$180 for 2 bedroom and 3 bedroom mobile homes. Extensive amenities with large clubhouse, adult and teen clubhouses, café with commercial kitchen, swimming pool, playground, five sets of bathrooms with three having shower facilities, campground fire pit, laundry, dog park, tent sites, cable tv, and wifi. The property in the last couple of years has been transitioning from a membership park to a public rv resort primarily through Good Sam marketing. Approximately 1,000 members at annual dues of $180-$450 plus $14.50 per night for 30 amp service and $24.50 for 50 amp service. Membership rental rates can be increased at any time and memberships can be potentially moved to a comparable membership park. EXCELLENT UPSIDE IN CONTINUING TO ADD OVERNIGHT AND EXTENDED STAY TENANCY AND INSTALLING NEW PARK MODELS AT MUCH HIGHER RATES. SEE RENTAL RATES AT YOSEMITE PINES RV RESORT.

Amenities

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

Park Information

Number of RV Lots: 170
Year Built: 1983
Average RV Lot Rent: $60
Size: 20.3 acre(s)

Financial Information (Actual)

Gross Income: $900,000
Operating Expense: $470,229
Net Operating Income: $429,771
Expense Ratio: 52.2 %
Debt Info: Seller $4.0M at 5% for 10 years

Utility Information

Water: City
Sewer: City