RV Park/Campground Details

  • Cap Rate: 11.1%
  • Listing ID: 1531892
  • Posted On: Oct 8, 2021
  • Updated On: Mar 9, 2022

Description

Gateway RV Park at 121 Kircher Street presents a prime investment opportunity in Carlsbad, New Mexico. Completed in 2020, Gateway RV Park sits on a new city road lined with sidewalks and consists of 61 RV sites, 12 of which are covered. Each site is individually metered for electricity with full water & sewer hookups provided by the city and fiber-optic internet services. Landlord operates on an all bills paid format. Residents enjoy access to the on-site bathroom/shower facilities and the laundry building with coin-operated washer-dryers.
Gateway RV Park offers all-inclusive month-to-month leases with additional perks, including free gym memberships and high-speed internet. All of the sites are month to month tenants who pay rent via the auto-draft program. That doesn't stop tourists and visitors from calling seeking nightly and weekly rental rates to stay at this ideally located RV park.
Conveniently situated at the junction of Highways 62 and 285, Gateway RV Park is next to Davis Park with a playground and sports fields and across from multiple gas stations and quick eats. Gateway RV Park is less than a mile from Walmart Supercenter, Tractor Supply, Guadalupe Mountain Brewing, IHOP, and Chili's Grill & Bar. Nestled in the desert oasis of Carlsbad, Gateway RV Park is between Downtown and the internationally acclaimed Carlsbad Caverns, the city's biggest draw for tourists. In addition to natural beauty and recreational opportunities, Carlsbad residents enjoy access to great schools and a welcoming, small-town atmosphere. Carlsbad's economy benefits from the presence of diverse industries like Potash mining, oil and gas extraction, healthcare, and government.

Amenities

  • Laundromat
  • Storage
  • Manager Office
  • Bathhouse
  • Wifi
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Park Information

Number of RV Lots: 61
Year Built: 2020
Average RV Lot Rent: $500
Size: 4.6 acre(s)

Financial Information (Pro Forma)

Gross Income: $327,873
Operating Expense: $104,837
Net Operating Income: $223,035
Expense Ratio: 32.0 %

Utility Information

Water: City
Sewer: City