RV Park/Campground Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 8.1%
  • Listing ID: 3626693
  • Posted On: Aug 31, 2023
  • Updated On: Oct 23, 2023

Description

Beautiful wooded RV Park, 23 spots total, 17 full hookup, 5 with water and power, 6 cabins, 1 double wide. The park model will be excluded from the sale. This park is very conveniently located just south of the town of picturesque Cle Elum and minutes away from Suncadia Resort. This is a great financial opportunity with excellent growth potential. The capitalization rate is excellent but could be improved. The park has a bathroom and laundry facility along with a large 2,350 sq ft shop to house the grounds maintenance and snow removal vehicles. This is a great investment opportunity. Owner finance terms will be considered.

Location

Beautiful treed fully fenced RV Park right on the main highway (SR 970) to Wenatchee.

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Park Information

Number of RV Lots: 23
Year Built: 1994
Average RV Lot Rent: $650
Size: 1.5 acre(s)

Financial Information (Pro Forma)

Gross Income: $120,000
Operating Expense: $21,797
Net Operating Income: $98,203
Expense Ratio: 18.2 %
Debt Info: None

Utility Information

Water: Well
Sewer: Septic

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