Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground

RV Park/Campground Details

  • Purchase Method: New Loan
  • Cap Rate: 9.8%
  • Listing ID: 427038
  • Posted On: Mar 3, 2014
  • Updated On: Apr 12, 2015

Description

Very desirable, high cash flow RV resort with strong upside in an attractive desert setting surrounded by open space, hills and mountains. Salome is located 15 miles east of Quartzsite and the market attracts over one million RVers every winter season. 403 very large RV sites 40X50 feet to 40x100 feet with an average site size of 40x60 feet. 26 pull thrus at 30X100 feet. Each site has 50 amp electric and cable tv. Septic sewer and well water with reverse osmosis water system that produces water and ice for the café and is sold to the general public. Amenities include a very popular 150 seat café with banquet room leased to an operator, a newer swimming pool, Jacuzzi, and bathrooms facility built in 2008, 41x91 sf rec hall with large stage, sound system, and restrooms, a 14X49 sf rec hall annex that includes a library, modem desk, kitchen, and card room, picnic area in the center of the park with cabana, bbq grills, fire pit benches, and tables, a radio controlled model airplane flying field, large vehicle storage area, and a desert golf course on the BLM land that adjoins the rear of the park. The 6,500 sf office/café/shop building contains a very complete office. Additional rental income from five motel units, leased barber/beauty shop, five 14X20 feet metal canopy vendor booths on the highway, propane sales, soft car wash, and three laundry facilities. Sale includes a beautiful owner/manager 3br/2ba, 1,400 sf manufactured home at the northeast corner of the property with large front and rear decks, and a 30x40 steel garage. Manufactured home currently being used as a meeting room. Rental rates are $31-$34 Nightly, $195-$230 Weekly, $420 Monthly, and $1,620-$1,820 Annuals. Good Sam rating 10/10/9.5!
For additional information, please visit their excellent web page at www.blackrockrv.com. Detailed financial statements are available from Broker upon executing a confidentiality and non-disclosure agreement.

Amenities

  • Laundromat
  • Pool
  • Club House
  • Storage
  • Manager Office
  • Bathhouse
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 403
Average RV Lot Rent: $1,670
Size: 47.0 acre(s)

Financial Information (Actual)

Gross Income: $922
Operating Expense: $493
Net Operating Income: $429
Expense Ratio: 53.5 %
Debt Info: Buyer to obtain new 1st TD

Utility Information

Water: Well
Sewer: Septic