Contact Information

RV Park/Campground Details

  • Price: $1,590,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1371494
  • Posted On: Dec 22, 2020
  • Updated On: Dec 22, 2020

Property Description

INVESTMENT HIGHLIGHTS
High 13% return , easy management , friendly neighborhood, 5 minutes from city center , 5 minutes to the lake , great fishing!
Owner financing is available up-to 50% of sale price.
EXECUTIVE SUMMARY
Owner reduced $200,000 for quick sale!
Fully Renovated Park, New Septic Tank, New water pumps, new fence and security camera system.
One of the best cash cows available with potential ROI of 13% about 12%ROI!!!
RV and mobile home park next to Okeechobee lake . 9 renovated large Mobile homes , 19 RV'S on long term rental agreements, fully occupied most of the time.
Total yearly projected income $240,000
Easy to manage manager and maintenance guy on location!
Please call Elan at 239-8980565
PROPERTY FACTS
Price $1,590,000 Building Class C
Price Per Unit $53,000 Lot Size 4.00 AC
Sale Type Investment Building Size 15,000 SF
Cap Rate 14.64% Average Occupancy 75%
No. Units 30 No. Stories 1
Property Type Multifamily Year Built/Renovated 1999/2020
Property Subtype Manufactured Housing/Mobile Home Opportunity Zone Yes
Apartment Style Garden
UNIT AMENITIES
Air Conditioning
Balcony
Cable Ready
Microwave
Storage Space
Heating
Ceiling Fans
Kitchen
Hardwood Floors
Carpet
Grill
Deck
Dining Room
Instant Hot Water
SITE AMENITIES
Fenced Lot
Laundry Facilities
Playground
Car Wash Area
Furnished Units Available
Grill
Guest Apartment
Pet Play Area
Trash Pickup - Curbside
Bicycle Storage
Lake Access
ABOUT 6657 SE 86TH BLVD , OKEECHOBEE, FL 34974
Renovated RV park , friendly and inexpensive , ready for a new owner with extremely high cash flow.
In process of renting all the units and finishing the last small repairs

FINANCIAL SUMMARY (PRO FORMA - 2020)
ANNUAL ANNUAL PER SF
Gross Rental Income $310,200 $20.68
Other Income - -
Vacancy Loss - -
Effective Gross Income $310,200 $20.68
Taxes - -
Operating Expenses - -
Total Expenses $77,500 $5.17
Net Operating Income $232,700 $15.51

Interested in purchasing this RV park? Get pre-qualified for a loan.

Download Documents

Similar RV Parks for Sale