Contact Information
RV Park/Campground Details
- Price: $2,300,000
- Purchase Method: Cash, New Loan
- Cap Rate: 6.1%
- Property ID: 2058769
- Posted On: Feb 22, 2023
- Updated On: Feb 22, 2023
Property Description
Over 1.5 acres of PRIME riverfront property with ~190 ft. of shoreline!!! Zoned for multi-family, so the opportunities are endless. Currently used as an income producing RV Park with 29 spaces and 3 docks. Tenants pay all utilities except water, and own the RV/mobile home that they stay in. This means tenants are responsible for maintaining their own units, and the park owner has very low operating costs. All tenants have been informed that rents will increase to $600-$700 per month starting April 1, 2023. The new owners could keep it as an RV park, or build a riverfront apartment complex, condos, tiny homes, etc. Perfect property for an investor to have steady monthly income, or a creative investor to build out a brand new income producing business on the river.
Location
Along the Colorado River in Bullhead City, AZ. Across the river from Laughlin, NV.
Amenities
- Boat Access
- Wifi
Park Information
Number of RV Lots: | 29 |
Year Built: | 2001 |
Average RV Lot Rent: | $600 |
Size: | 1.5 acre(s) |
Financial Information (Pro Forma)
Gross Income | $15,000 |
Operating Expense | $1,713 |
Net Operating Income | $13,286 |
Expense Ratio | 11.4 % |
Debt Info |
Utility Information
Water: | City |
Sewer: | City |