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RV Park/Campground Details

  • Price: $1,275,000
  • Property ID: 1388642
  • Posted On: Feb 4, 2021
  • Updated On: Feb 4, 2021

Property Description

BALDWIN COUNTY, AL - Delta Oaks RV Park is located in the strong demographical area of Bay Minette, Alabama. This gulf coast county boasts over 220,000 people and is just 33 miles northeast of Mobile, Alabama. Delta Oaks is a 38-space RV park that features a stable year-round occupancy of roughly 85%. The park resides in a well-traveled area for vacationers, and is only an hour's drive from area beaches.

This former mobile home park (MHP) site is now a flourishing RV park with low overhead and a consistent revenue stream. Of the 38 pads, 2 have mobile homes on them that are rented at $600 & $650, respectively. There are 2 undeveloped sites and 6 vacant RV lots. The community is serviced by city water on a master meter and septic tanks. Delta Oaks has overhead electric and TV cable available for all sites, and the park utlilizes dumpster trash that is serviced 2-3 times a week. There are no on-site amenities present. Current lot rents are $300/month for RV lots that pay their own electricity, and for sites with 30 Amp service, the monthly rate is $400. For the sites on 50 Amp service, the rate is $450/month. All tenants are on month-to-month leases. Roads are paved, and in good overall condition with no immediate CapEx needed.

Currently the owner self-manages the park, including handling the lawn care. Not a penny has been spent on marketing, and occupancy could be higher if someone were on site. This is a tremendous opportunity to invest in a growing area of Alabama. Delta Oaks RV Park is being offered at $1,275,000 as a stabilized asset. The seller is open to holding a note in 1st position with proposed terms of $300,000 down, 5.5%, 25 year am, and 3 year balloon. Please inquire for additional information.

Location

Baldwin County, Alabama, is located along the shores of the Gulf of Mexico and Mobile Bay, bordered on the West by Mobile County, Alabama, on the Northwest by Washington County, Alabama, and Clarke County, Alabama, on the North by Monroe County, Alabama, on the Northeast by Escambia County, Alabama, and on the East by Escambia County, Florida. Baldwin County remains a popular destination for visitors, from all over the nation and world, year round because of first class golf courses, beautiful beaches, unlimited recreational opportunities, health economy and first class public school system which, collectively, has contributed to the county’s explosive population growth since the 1990's.

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Park Information

Number of RV Lots: 38
Average RV Lot Rent: $450
Size: 7.3 acre(s)

Utility Information

Water: City
Sewer: Septic

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