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
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 |