Contact Information

RV Park/Campground Details

  • Price: $3,100,000
  • Property ID: 1156363
  • Posted On: Nov 14, 2019
  • Updated On: Nov 14, 2019

Property Description

Evergreen Mobile Home & RV Park is a well located mostly park owned home community in Alamogordo, NM. The property has 71 mobile home lots (100% occupied) and 47 RV lots (operates between 50-55% occupied). The average lot rent in the community is $300 per month and the average RV rent is $308 per month.
The RV spaces are not currently well advertised and the income suggests that occupancy is likely around 50-60% year round. The park provides electric and water/sewer to the RV residents and water to the mobile home residents as part of the rent.
The park is in a flood plain. The park has very little deferred maintenance and is in generally good condition. There are 69 mobile homes that convey with the sale and are priced at $9,000 per home. The homes are a mix of mostly 80’s and 90’s models and are generally in good condition.
The price for the park is $3,100,000 and includes the sale of 69 park owned mobile homes. The pricing reflects an 8.5% cap rate on lot/RV rent only using a 39.1% expense ratio. Recourse financing should be available for this deal.

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Park Information

Number of RV Lots: 47
Size: 9.1 acre(s)

Utility Information

Water: City
Sewer: City

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