RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 5.5%
- Listing ID: 2353113
- Posted On: Apr 4, 2023
- Updated On: Oct 11, 2023
Description
Established 17 Space full hookup 30/50 campground. 3 Houses - one is a 4/2 house and the other two are 1 Bedroom and 1 Bath on +/- 16 acres of land. 2 large stocked fishing ponds. All are rented with long term tenants on a month to month basis. 100% occupied for the last several years. Possible expansion. Great location, 3 miles from I-85.
Location
Salisbury, NC - High Rock Lake Area
Amenities
- Laundromat
- Storage
- Manager Office
- Bathhouse
- Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
| Number of RV Lots: | 14 |
| Year Built: | 1995 |
| Average RV Lot Rent: | $695 |
| Size: | 16.0 acre(s) |
Financial Information (Actual)
| Gross Income: | $126,755 |
| Operating Expense: | $44,458 |
| Net Operating Income: | $82,297 |
| Expense Ratio: | 35.1 % |
| Debt Info: | None |
Utility Information
| Water: | Well |
| Sewer: | Septic |