RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.4%
  • Listing ID: 1714811
  • Posted On: Jul 18, 2022
  • Updated On: Nov 15, 2022

Description

Park Built in 2018 with 23 full RV hook-ups with three occupied by tiny homes that rent from $800 to $1,000 a month, depending if there are 1 or 2 tenants. The main building is a 24 x 70 metal building with a carport, built out as a Retail (Salon) with three booths with sinks, the booths are custom made cedar, Two Private offices and full bathroom inside one office has been used for Manager of Park and the other for Retail Operator, now its being leased out for 1k monthly as additional housing as no Manager is in place and the salon closed. Steel Fencing borders the Highway 77 Frontage that's over 100ft, The 23 RV spots lease for up to $450 month.  Wynnewood Refinery has a major influence on occupancy which historically has filled this park when its rolling.  Could fit 10-15 more spaces towards the back of the property. There are currently 3 tiny homes that pull an income of $800-$1000 month depending on how many tenants. The property is in an opportunity zone.

Location

Opportunity Zone
US Highway 77 Frontage
Expansion Opportunity
Cash Flow
Rentals
New Sewer Lagoon
4.72 Acres

Amenities

  • Manager Office
  • Wifi
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Park Information

Number of RV Lots: 23
Average RV Lot Rent: $450
Size: 4.7 acre(s)

Financial Information

Gross Income: $64,119
Operating Expense: $35,562
Net Operating Income: $28,556
Expense Ratio: 55.5 %

Utility Information

Water: City
Sewer: Septic

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