Contact Information

RV Park/Campground Details

  • Price: $1,650,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.7%
  • Property ID: 1411968
  • Posted On: Mar 24, 2021
  • Updated On: Mar 24, 2021

Property Description

Rare Find! Great Grand Isle Beach-front investment opportunity which includes 17 pads/sites, 2 residential rental homes, cabana, and stocked Souvenir Shop set on 2 acres! No new RV parks can be built beach front so your grandfathered rights are priceless. Property currently generates over $12,756 per month revenue with consistently high occupancy rates year round. All sites are modified with electric, water, and sewer. There are an additional 17 sites available at an inexpensive yearly lease exclusive for park owner only. This is a very inexpensive property to own and operate! Conveniently located in the heart of Grand Isle within walking distance to restaurants, shops, grocery stores, and area attractions.

Location

Located in the center of the island, Beach Front, and the highest point on the island. Property line extends to the water!

Amenities

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

Park Information

Number of RV Lots: 17
Year Built: 1995
Average RV Lot Rent: $750
Size: 2.0 acre(s)

Financial Information (Actual)

Gross Income $178,526
Operating Expense $25,453
Net Operating Income $153,073
Expense Ratio 14.3 %
Debt Info

Utility Information

Water: City
Sewer: Septic