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: 7.7%
  • Listing ID: 866886
  • Posted On: Oct 9, 2017
  • Updated On: Apr 1, 2018

Description

Very nice 111 sites RV resort located just west of Hwy 99 along the Merced River with lots of green grass and shade trees. The property was originally developed as a mobile home park and was converted to a RV park many years ago. Much of the property has been rebuilt and recent addition of 13 RV sites and replacement of portion of septic sewer. Low rental rates at Daily $45, Weekly $205, and Monthly $485 plus electric. The tenancy is approximately 80% extended stay and 20% transient. The resort is usually full with a waiting list for extended stay sites. The Highway 99 corridor is booming with tremendous economic development between Merced and Modesto that benefits the resort. The resort has great amenities with a huge grass field at the entrance along the river with a new playground, baseball field and a volleyball court, clubhouse, swimming pool, bath house, dog park, picnic area, gated entrance, satellite tv, wifi, pull thru sites, RV storage, horseshoe pits, and resort office. Manager mobile home included in sale. Only approximately 15 acres of the property’s 39.3 acres are developed and the County has indicated additional RV sites are possible.

Amenities

  • Laundromat
  • Pool
  • Club House
  • Storage
  • Manager Office
  • Bathhouse
  • Store
  • Wifi
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Park Information

Number of RV Lots: 112
Year Built: 1965
Average RV Lot Rent: $485
Size: 39.3 acre(s)

Financial Information (Actual)

Gross Income: $750,000
Operating Expense: $412,628
Net Operating Income: $337,372
Expense Ratio: 55.0 %
Debt Info: $3.0M Seller at 5% for 10 Years

Utility Information

Water: Well
Sewer: Treatment Plant