RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Property ID: 1138019
  • Posted On: Sep 25, 2019
  • Updated On: Dec 20, 2019

Property Description

7 Vacation Rental Cabins (4 owned) and Vacation Community Management with growth opportunities. Located at 3,000 feet on the Blue Ridge Parkway. Hiking, waterfalls, and cool summers. Priced to sell at a 10 Cap rate.
Residence and shop available as separate sale. Call Mark for more information.

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Park Information

Number of RV Lots: 7
Year Built: 2005
Average RV Lot Rent: $19,500
Size: 7.0 acre(s)

Financial Information (Actual)

Gross Income $159,000
Operating Expense $90,000
Net Operating Income $69,000
Expense Ratio 56.6 %
Debt Info

Utility Information

Water: City
Sewer: Septic

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