RV Park/Campground Details
- Purchase Method: New Loan
- Cap Rate: 9.0% (Pro Forma)
- Listing ID: 427246
- Posted On: Mar 4, 2014
- Updated On: Jun 4, 2014
Description
Heritage RV Park is a clean well maintained newer r.v. park located on almost 5 acres of land one block east of I-5. The property offers numerous permanent residents as well as RV groups and short term guests a lovely environment. The park offers laundry facilities, bath and shower facilities, a large recreation room, barbeque areas, swimming pool and propane sales. Approximately 25% of the 91 spaces have full time residents. The park has excellent long term managers who live on-site in a nice two bedroom apartment above the office. This is one of the nicest parks between Sacramento and the Oregon border which offers both full and part time spaces. The property is a short distance from the Rolling Hills Casino as well as numerous restaurants and local shopping in the City of Corning
Amenities
- Laundromat
- Pool
- Club House
- Storage
- Manager Office
- Bathhouse
- Wifi
Park Information
| Number of RV Lots: | 91 |
| Year Built: | 1993 |
| Size: | 5.0 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $254 |
| Operating Expense: | $141 |
| Net Operating Income: | $113 |
| Expense Ratio: | 55.5 % |
| Debt Info: | 5% fixed loan amortized over 30 years due in 10 yrs. |
Utility Information
| Water: | City |
| Sewer: | City |