Contact Information

RV Park/Campground Details

  • Price: $3,000,000
  • Purchase Method: Cash
  • Cap Rate: 8.0%
  • Property ID: 1531892
  • Posted On: Oct 8, 2021
  • Updated On: Oct 8, 2021

Property 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 with full utility hookups provided by the city and fiber-optic internet services. 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. At 100% occupancy, the majority of the sites are home to year-round 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
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 61
Year Built: 2020
Average RV Lot Rent: $600
Size: 4.6 acre(s)

Financial Information (Pro Forma)

Gross Income $410,000
Operating Expense $170,000
Net Operating Income $240,000
Expense Ratio 41.5 %
Debt Info

Utility Information

Water: City
Sewer: City

Similar RV Parks for Sale