Contact Information
Kevin Goodman
eXp Realty, LLC
RV Park/Campground Details
- Price: $225,000
- Cap Rate: 14.4%
- Property ID: 2918160
- Posted On: May 15, 2023
- Updated On: May 15, 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.
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 |