RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 513742
- Posted On: Mar 19, 2015
- Updated On: Jun 20, 2015
Description
NOW IS A GREAT TIME TO PURCHASE. Interest rates are low and the busy summer season is fast approaching. Lucrative, growing business with room to expand. Property has 18 acres & is only using about half of it. Located in the beautiful foothills of California’s historical Gold Rush towns, this popular campground is noted for clean, friendly, family-oriented outings.
Nearby New Melones lake provides excellent fishing and water-sports. The adjacent Calaveras County Fairgrounds hosts many events/concerts including the Jumping Frog Jubilee.
Currently has 65 full hook-up RV sites, 16 tent sites, 5 sleeping cabins, 2 park models, and 2 apartments. High demand has reservations booked well into the future.
A 66.68 KW solar plant provides much of the electrical power and amenities such as swimming pool, volleyball court, dog park, etc. can be seen on our website: www.angelscamprv.com
With a growing Cap Rate of 10+ and room to expand makes this a great investment. For sale by retiring owners. Contact Ken Jeffries @ 916 871-3389 or ken.jeffries@sbcglobal.net
Amenities
- Laundromat
- Pool
- Club House
- Storage
- Bathhouse
- Store
- Wifi
Park Information
| Number of RV Lots: | 65 |
| Year Built: | 1993 |
| Average RV Lot Rent: | $50 |
| Size: | 18.0 acre(s) |
Financial Information (Actual)
| Gross Income: | $433 |
| Operating Expense: | $151 |
| Net Operating Income: | $266 |
| Expense Ratio: | 34.9 % |
| Debt Info: | NA |
Utility Information
| Water: | Well |
| Sewer: | Treatment Plant |