RV Park/Campground Details

  • Purchase Method: New Loan
  • Cap Rate: 25.0%
  • Listing ID: 1959727
  • Posted On: Dec 22, 2022
  • Updated On: Apr 21, 2023

Description

INVESTOR / PARTNER NEEDED TO COMPLETE.
32 ACRE LAKEFRONT CAMPGROUND, TREE FARM.
1.2MM - $305,000.00 NOI - 0.25% CAP -
UTILITIES ARE IN, WELL, SEPTIC, SOLAR/GEN, SHOP, DOCK,RAMP, TRAILS, ROAD ACCESS.
LAND ONLY $795,000.00 AS-IS.
PURCHASE OUTRIGHT WITH ALL DOCUMENTATION, OR PARTNERSHIP REFINANCE WITH A SUBSIDIZED LOW INTEREST FARM LOAN.

Location

OFF HWY 101 - CULLABY LAKE COUNTY PARK - 8 MILES NORTH OF SEASIDE, 7 MILES SOUTH OF ASTORIA. 1 MILE TO THE OCEAN.

Amenities

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

Park Information

Size: 32.0 acre(s)

Financial Information (Pro Forma)

Gross Income: $490,000
Operating Expense: $192,000
Net Operating Income: $302,000
Expense Ratio: 39.2 %
Debt Info: $795,000.00 UNDERLYING MORTGAGES

Utility Information

Water: Well
Sewer: Septic

Video

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