RV Park/Campground Details

  • Purchase Method: New Loan
  • Cap Rate: 9.0%
  • Listing ID: 1367557
  • Posted On: Dec 11, 2020
  • Updated On: Oct 5, 2021

Description

REIM is pleased to present ROOSEVELT RESORT PARK, a professionally managed full-service year around resort adjacent to beautiful Lake Roosevelt in central Arizona. Resort offering consists of a very lucrative year-around transient lodging operation with 17 motel units, 6 'casita' style rental cabins, 2 kitchenette rental (suites) and 3-bed, 2-bath home. Also included is an 86-space Mobile Home Park with utilities-included pad rental rates of $250. The restaurant and bar are leased to an independent operator yielding $36,000 annually (and with no operational expense or head aches). A commercially rated well and water company serves the resort and provides profitable water delivery and sales to over 150 customers. There is a vacant lot intended for boat-RV Storage that could produce $60k+ annually with the tight supply (of wait-listed boat storage) in this lake front market. An Arizona landmark for decades, the Roosevelt Resort Park is located a short distance from the lake along State HWY 188. The property is 90 minutes from Phoenix and 20 miles northwest of Globe, Arizona. Home to tourists, fisherman, hunters, wakeboarders and year around residents, this popular destination offers numerous revenue streams and easily attainable upside.
The Offering is a viable destination resort at Roosevelt Lake. It is what folks are seeking in a rural recreational environment. An hour and a half from Phoenix you’ll find this oasis by the lake. Surrounding a duck-covered pond are a mix of tastefully updated rental cottages, casitas and rooms that are more popular now than ever. But reserve ahead because they book up pretty quick. There is a popular restaurant/bar and a variety of nightly/short stay accommodations. Guests can chose from recently remodeled motel rooms to cabins, or spacious kitchenettes. There is also a mobile home park (MHP) where residents call Roosevelt Resort Park home 365 days a year. In addition to a booming hospitality business, other (expandable) revenue opportunities in this offering include a water company with scores of customers and an under-utilized RV / Boat storage lot. An Arizona landmark, the Roosevelt Resort Park is 10 minutes southeast of the marina along State HWY 188 and roughly 20 miles from Globe, Arizona. Home to weekend warriors, fisherman, hunters, kayakers and many year-around residents this popular resort represents an excellent opportunity for an investor or operator to add value through simple improvement of services already offered at the property. Rarely is there a chance to acquire a beautiful lake resort adjacent to the state’s largest and most popular lake.
Recent Improvements at the property include the modest renovation of the 17 motel rooms. Also several kitchenettes have been created from non working units. The motel, cabins and kitchenettes have all received new roofs, and some of the cabins had new siding installed. The grounds have been graded and fresh road base installed around the property. Some of the biggest improvements have come to the property‘s reputation including hundreds of 4 and 5 star YELP reviews! A dedicated marketing effort and conscientious customer service has produced a huge expansion in transient lodging business at the property– and social media seems to approve of this destination.
90 minutes from Phoenix, Roosevelt Lake is located in central Arizona between metro Phoenix and Payson -the gateway to Rim Country in Gila County. Fishing is a common recreational activity at Roosevelt Lake, but also a very popular destination for visitors with wake-boats, pontoons, ski-boats and kayaks. Roosevelt Resort Park is within 10 minutes of all services (groceries, fuel, other restaurants, boat rentals, etc.)

Location

One and a half hours from Phoenix located in central Gila County adjacent to Arizona's largest lake- Roosevelt Lake.

https://rooseveltresortpark.com

Amenities

  • Laundromat
  • Club House
  • Manager Office
  • Store
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 86
Year Built: 1968
Average RV Lot Rent: $250
Size: 13.0 acre(s)

Financial Information (Pro Forma)

Gross Income: $930,000
Operating Expense: $450,000
Net Operating Income: $480,000
Expense Ratio: 48.4 %
Debt Info: https://rooseveltresortpark.com/

Utility Information

Water: Well
Sewer: Septic

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