RV Park/Campground Details

  • Cap Rate: 14.4%
  • Listing ID: 2918160
  • Posted On: May 15, 2023
  • Updated On: Aug 20, 2023

Description

Property consists of four parcel IDs, being 2 pairs of adjacent lots. Two lots sit at 14250 Deer Run and two lots just around the corner on Lakeview. There are a total of 5 tiny homes on this property (one is an RV), that will convey. There are an additional two RV spots with hook-ups that are currently leased out. The owner occupies one of the tiny homes and the others are tenant occupied. Current leases have a minimum of 6 months left on the lease. The lots on Lakeview are awaiting installation of the water meter. The Lakeview lots have room for an additional 8 RV hook-ups. This is an awesome start to an amazing opportunity of owning a tiny home community or RV park. Lakeview lots backup to pond that feeds into Cedar Creek Lake via a small creek.

Location

Southeast side of Cedar Creek Lake, near Log Cabin.

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Park Information

Number of RV Lots: 11
Year Built: 2021
Average RV Lot Rent: $300
Size: 0.8 acre(s)

Financial Information (Pro Forma)

Gross Income: $36,000
Operating Expense: $258
Net Operating Income: $30,000
Expense Ratio: 0.7 %
Debt Info: Treat As Clear

Utility Information

Water: City
Sewer: Septic