RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 13.6% (Pro Forma)
- Listing ID: 1145010
- Posted On: Oct 14, 2019
- Updated On: Dec 24, 2019
Description
Beautiful, well maintained 3 year old established RV park, located across from lake entrance to beautiful Lake Proctor, near golf course, convenience store, and restaurants, but still in the country. Rented to full capacity most of the time. Allows nightly and long term stays. Back in spaces that accommodate large RV's and an extra vehicle. Boat and extra storage rental just down the road. Location, location!!!!! Lot's rent from 350 to 425 per month. 24 to 32 per night. There is room to increase rates slightly and incorporate other income producing rentals. There is property in the area to purchase to make a 2nd park nearby.
Amenities
- Laundromat
- Wifi
Park Information
| Number of RV Lots: | 6 |
| Year Built: | 2016 |
| Average RV Lot Rent: | $396 |
| Size: | 0.4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $25,947 |
| Operating Expense: | $12,460 |
| Net Operating Income: | $13,486 |
| Expense Ratio: | 48.0 % |
| Debt Info: | 0 owed on park |
Utility Information
| Water: | City |
| Sewer: | City |