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RV Park/Campground Details

  • Price: $2,825,000
  • Cap Rate: 7.2%
  • Property ID: 1451766
  • Posted On: Jun 3, 2021
  • Updated On: Jun 19, 2021

Property Description

Property Agent: Ryan Ramseur
Call Christian: +1 678-932-0200

Beginning Point RV Park is located in the strong demographic area of Wesley Chapel. This Gulf Coast county is home to over 460,000 people and located just 25 miles Northwest of downtown Tampa. Wesley Chapel has been a major catalyst in the rapid growth of Pasco County, the 38th fastest-growing county in the nation according to CNN.
This park offers 57 RV sites and 1 Mobile Home site with a stable year-round occupancy upwards of 90%. The park resides in a well-traveled area for vacationers and is conveniently located to major interstates I-75 and I-275.
This inviting park is prospering with a strong tenant base and a consistent revenue stream. Of the 57 RV sites, all are currently occupied by Tenant Owned Homes (TOH) with 1 occupied mobile home located just outside the park.
Current lot rents are averaging $431/month. Market data analysis suggests an average area lot rent of $500 +/- per month offering new ownership additional upside. All tenants are on a minimum month-to-month lease with most residents on annual leases. Roads are paved and in overall good condition. The potential to increase rent offers a tremendous investment opportunity in one of the fastest growing areas in Florida.

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Park Information

Number of RV Lots: 57
Average RV Lot Rent: $420
Size: 10.0 acre(s)

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