Contact Information

RV Park/Campground Details

  • Price: $1,100,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 14.0%
  • Property ID: 1584680
  • Posted On: Jan 12, 2022
  • Updated On: Jan 12, 2022

Property Description

Check out this little gem on desirable Marshmiller Lake in the Bloomer area!   This lake is about 436 acres and never seems to run out of amazing fish to catch and they sell all the bait needed right on property.   Although the park has a smaller footprint of about 5 acres, it's a powerhouse of revenue.    There are 6 Mobile Home units and 18 seasonal sites and a 3 bedroom cabin rented year round, and a 2 bedroom rented seasonally.    There are 27 docks that rent for $600 each dock and there are two launch accesses.

The bar and grill is a very large draw to the area and does extremely well.   The owner home is attached and while it needs some attention the rest of the park is in very good shape.   The home is a two bedroom 1 bath house on the lake, and it also has a basement apartment with another bathroom that can easily be converted into another rental or additional owner living.

This is a must see!   This property performs at an astonishing 14% CAP rate and produces amazingly well.   Call John at 507-450-5626 for your private showing and confidential details about the cash flow - This one won't last long!

Amenities

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

Park Information

Number of RV Lots: 28
Year Built: 1970
Average RV Lot Rent: $1,700
Size: 4.8 acre(s)

Financial Information (Pro Forma)

Gross Income $276,431
Operating Expense $117,179
Net Operating Income $159,252
Expense Ratio 42.4 %
Debt Info

Utility Information

Water: Well
Sewer: Septic

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