Contact Information

Adam Mcneil

Turnkey Communities

RV Park/Campground Details

  • Price: $2,750,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.4%
  • Property ID: 1535537
  • Posted On: Oct 13, 2021
  • Updated On: Oct 13, 2021

Property Description

For more information go to www.wiselycr.com or click on the links below.

Community Video: https://youtu.be/REao-sJ190Y

Offering Memorandum Link: https://www.crexi.com/properties/677615/indiana-ponderosa-campground-ponderosa-mhc?offeringMemorandum=download

Due Diligence Vault Link: https://www.crexi.com/properties/677615/indiana-ponderosa-campground-ponderosa-mhc?openDueDiligence=open

PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale Ponderosa Campground & Ponderosa MHC located in North Webster, Indiana. Ponderosa Estates consists of 20 approved manufactured home spaces and 69 campsites situated on 35 acres of land. This community has a fantastic location, just South of North Webster and located on The Backwaters. The property is serviced by Well and Septic. A new owner can come in fill the vacant sites and increase lot rent to increase cash flow. First time this property has ever been listed for sale.

INVESTMENT HIGHLIGHTS
• Stable Community with 91% occupancy, with opportunity to fill vacant homes
• Family owned, First time this property has ever been for sale
• Opportunity to increase cash flow by raising Lot Rent
• Quality Property, Pride of Ownership shows when you visit

OFFERING SUMMARY
List Price: $2,750,000
IN-Place NOI: $171,377
IN-Place Cap Rate: 6.2%
Year 1 NOI: $230,027
Year 1 Cap Rate: 8.4%
Price Per Site: $29,891
Total Sites: 92
Occupancy: 91% (84)
Park Owned Homes Occupied: 1
Inventory Homes: 1
Total Park Owned Homes: 2

Location

North Webster, IN

Amenities

  • Pool
  • Club House
  • Storage
  • Boat Access
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 92
Size: 35.0 acre(s)

Financial Information (Pro Forma)

Gross Income $330,895
Operating Expense $100,868
Net Operating Income $230,027
Expense Ratio 30.5 %
Debt Info

Utility Information

Water: Well
Sewer: Septic

Video

Download Documents

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