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
Interested in purchasing this RV park? Get pre-qualified for a loan.

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

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