Contact Information

RV Park/Campground Details

  • Price: $4,000,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.2%
  • Property ID: 1726998
  • Posted On: Aug 4, 2022
  • Updated On: Aug 24, 2022

Property Description

Presenting the Okeechobee FL Portfolio, which consists of two RV communities: Lakeside Village RV Resort and Southern Sun RV Resort. Both communities are located on Lake Okeechobee, which is considered Florida’s “inland sea,” as demonstrated by the high demand for boating and freshwater fishing attractions. Each community offers amenities packages tailored to boating and fishing, which is an appealing bonus for the residents.

The portfolio benefits from all long-term RV residents, providing a more stable resident base due to the low turnover. With 18 park models and below market rent on all lots there is tremendous room for upside. Due to the long-term nature of the residents, an owner can operate the portfolio similarly to a mobile home park or multi-family property. Additionally, the communities are a short 12-minute drive from each other, allowing for shared staffing between the parks. This offering presents the unique opportunity to purchase 2 waterfront RV parks with rental upside on Lake Okeechobee.

Amenities

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

Park Information

Number of RV Lots: 74
Average RV Lot Rent: $300

Financial Information (Actual)

Gross Income $434,000
Operating Expense $145,952
Net Operating Income $288,048
Expense Ratio 33.6 %
Debt Info

Utility Information

Water: City
Sewer: Septic

Video

Download Documents

Similar RV Parks for Sale