RV Park/Campground Details
- Purchase Method: Seller Financing, New Loan
- Listing ID: 893345
- Posted On: Feb 7, 2018
- Updated On: Apr 16, 2018
Description
Seller asking for $400,000 down payment. Seller to carry $500,000 at a 4% interest rate amortization over 30 years with a balloon payment in 10 years. Payments to be $2,684 or $32,208 annually. SELLER WILL STRONGLY DISCOUNT FOR CASH OFFER, LOCAL BANKS WILLING TO LEND AT A 65% LTV at 5% FIXED INTEREST.
Location
Located in central Deming, Roadrunner RV park offers an investor a great immediate return with vacant space that leaves room for expansion. The park stays nearly full with snowbirds from October – April and has 25-30 permanent tenants. Rents are below market and have not been raised in 5+ years. See below for rental comparison. The park has a laundry facility, Jacuzzi, exercise facility, club house, security system, 2 dog parks, and one 2,400 square feet 3Br/2Ba house. Broker recommends bringing rents to market level and adding more sites to vacant land. The park also has 7 acres of undeveloped land as well as ten 100sf storage units rented at $35 a month and ten 200sf storage units rented at $55 a month. Staff and maintenance already in place making it an easy transition with new ownership. Last 12 calendar months have been the parks record highest grossing since the park has opened. High returns make this park an appealing investment as an off-site owner or owner-operator.
Amenities
- Laundromat
- Pool
- Club House
- Storage
- Manager Office
- Store
- Wifi
Park Information
| Number of RV Lots: | 84 |
| Year Built: | 1971 |
| Average RV Lot Rent: | $300 |
| Size: | 15.0 acre(s) |
Utility Information
| Water: | City |
| Sewer: | City |