Contact Information
RV Park/Campground Details
- Price: $750,000
- Purchase Method: Cash, New Loan
- Property ID: 1410792
- Posted On: Mar 22, 2021
- Updated On: Mar 25, 2021
Property Description
Town and Country Real Estate, Inc. is please to present Clovis RV Ranch, with 42 RV sites, 3 - 1 bedroom efficiency homes and a very nice owners quarters located in Clovis, NM. Priced at $750,000 the park is being offered at approximately a 9.76% cap rate with a pro-forma NOI of $73100. The park has an excellent reputation with a 4.5 Star google rating. Click this link to see the brochure: https://www.dropbox.com/s/qpvgshqooilu42c/3%20Clovis%20RV%20Ranch%20Brochure.pdf?dl=0
Recent updates include a new Propane Filling Station, remodeled owner's suite, upgraded WIFI system, gravel top the driveway,
Location
Clovis RV Ranch is located at 200 Humphrey Road, Clovis, NM 88101 on the east side of Clovis, NM just off of US HY 60-70-84 and is under 1 mile to Clovis Community College and Clovis Civic Center. Clovis / Curry County NM has a population of just under 50,000 and a retail area with plenty of restaurants, grocery stores, hardware stores and the park is minutes away from the Historic Clovis NM downtown featuring 5 banks, 2 brew pubs, 7 restaurants, 4 real estate companies and numerus antique and specialty retail stores.
The park has enough land area to add 30+/- RV spaces.
Amenities
- Laundromat
- Club House
- Manager Office
- Bathhouse
- Wifi
Park Information
| Number of RV Lots: | 42 |
| Year Built: | 2005 |
| Average RV Lot Rent: | $375 |
| Size: | 8.3 acre(s) |
Financial Information (Pro Forma)
| Gross Income | $216,433 |
| Operating Expense | $113,449 |
| Net Operating Income | $73,194 |
| Expense Ratio | 52.4 % |
| Debt Info | none |
Utility Information
| Water: | City |
| Sewer: | City |