Contact Information

RV Park/Campground Details

  • Price: $2,390,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Property ID: 1515420
  • Posted On: Sep 15, 2021
  • Updated On: Sep 15, 2021

Property Description

60 Space Waterfront RV park located on the Rim Canal in Okeechobee. 7 Waterfront lots, One Double wide owners house presently rented. Separate office attached. Minutes to Lake Okeechobee. Just over 2 Acres. Boat ramp and boat docks. Laundry with 4 washers and 4 dryers with great income. Large fish cleaning station. Large screened in Pavilion with picnic tables on the water. Shower and rest room facilities. Three park owned rental units occupied Year round. 90 % Of park occupied Year round. 10% snowbirds. City water, septic tanks. On site management. Please do not disturb tenants. Rental increase Jan. 2022.

Location

Minutes from City of Okeechobee on the rim canal.

Amenities

  • Laundromat
  • Club House
  • Boat Access
  • Manager Office
  • Bathhouse
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Park Information

Number of RV Lots: 60
Average RV Lot Rent: $425
Size: 2.0 acre(s)

Financial Information (Actual)

Gross Income $290,000
Operating Expense $70,000
Net Operating Income $220,000
Expense Ratio 24.1 %
Debt Info

Utility Information

Water: City
Sewer: Septic

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