Contact Information

RV Park/Campground Details

  • Price: $499,000
  • Purchase Method: Cash
  • Cap Rate: 20.0%
  • Listing ID: 3721647
  • Posted On: Sep 23, 2023
  • Updated On: Oct 3, 2023

Description

Highlights:
- 20 RV Sites / 20 Mobile Home Sites. Room for Expansion
- $12,475 per pad
- Highway Frontage
- City Water/City Sewer
- Storage Units & Laundry on site
- Dirt/Grass Pads all with a concrete pad for car parking or patio
- 35K Cash Back at Closing if at $535,000
- On-Site Property Manager
- 2,300 cars per day
- Pro forma NOI $99,723 with 30% vacancy
- Lot Size: 11 Acres

Location

Directly off Hwy 70 behind the Department of Transportation

Amenities

  • Laundromat
  • Storage
  • Manager Office
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Park Information

Number of RV Lots: 40
Year Built: 2016
Average RV Lot Rent: $350
Size: 11.0 acre(s)

Financial Information (Pro Forma)

Gross Income: $157,800
Operating Expense: $58,077
Net Operating Income: $99,723
Expense Ratio: 36.8 %

Utility Information

Water: City
Sewer: City

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