Contact Information

RV Park/Campground Details

  • Price: $4,700,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.3%
  • Property ID: 1581360
  • Posted On: Jan 5, 2022
  • Updated On: Jan 5, 2022

Property Description

Settlin' Inn RV Park is a 220 Site Adult Community located in Golden Valley, Arizona. The Park was originally built in 2008 and sits on approximately 23.63 acres, which includes a possible five acre expansion opportunity. The Sites offer 30/50 AMP Electrical service to pedestal units (all replaced 2 years ago). The Community is on a Well Water System with a 30,000 gallon holding tank. The park has an onsite Sewer Treatment Plant with the capacity to accommodate an expansion. All Utilities are included with Rent. Amenities include a new, steel-framed Clubhouse with Billiards and Game Table, Restrooms/Showers (4), fully fenced RV/Boat Storage, and free Wi-Fi. There is a Laundry Facility with 7 Washers/6 Dryers and the equipment is leased. There are no Park Owned Homes and there are currently no Homes under Contract for Sale. The Community has onsite Management and Maintenance. The Park is bordered by BLM land and is located approximately 20 minutes west of Kingman, Arizona (population 30,000) and approximately 25 minutes east of Bullhead City, Arizona (population 45,000). Settlin’ Inn is a pride of ownership investment, well maintained with expansion opportunity

Amenities

  • Laundromat
  • Club House
  • Storage
  • Bathhouse
  • Wifi
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Park Information

Number of RV Lots: 220
Year Built: 2008
Size: 23.6 acre(s)

Financial Information (Actual)

Gross Income $605,969
Operating Expense $307,934
Net Operating Income $298,035
Expense Ratio 50.8 %
Debt Info

Utility Information

Water: Well
Sewer: Treatment Plant

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