Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park
Photo of RV Park

RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.5%
  • Listing ID: 696464
  • Posted On: Aug 13, 2016
  • Updated On: Nov 14, 2016

Description

This RV park is located just off Interstate 84, near a metropolitan area of 200,000 plus population. The park has a beautiful riverfront location with fishing and boating opportunities. Built in three phases, the park was started in 1997 and completed in 2007. 35 spaces are 30 amp hookup back-ins, and 65 spaces are 20/30/50 amp pedestals. 21 spaces are large, paved pull-thrus for seasonal guests. Another 18 spaces can be used as double back-in buddy sites or single pull-thrus. In addition, there are 8 rustic tent sites with water and shower house access. On the property is a spacious three-bedroom home, currently used as vacation home, that could be used as owner/manager residence. The park is served by an office area with two unisex bathrooms attached as well as a maintenance area, a four stall bathroom/shower house, and laundry facilities.

This property functions year round, largely serving short-term guests in the summer months and long-term guests in the off-season. Property is located in a 100 year flood zone, due to its proximity to the riverfront. Current owners have operated the park for 17 years and in that period, have experienced several minor floods that did not cause any property damage.

This RV park functions essentially as a passive investment for current owners, and is a turn-key business opportunity. It could generate additional revenue if it were owner operated. At the asking price, it has a 7.5% capitalization rate.

RV park price is $1,600,000.

All of our numbers are verifiable and consistent. Below is one scenario for financing.

Most banks will require 25% - 30% cash down payment.

So … You purchase campground for $1,600,000.
30% Down ($480,000) Down Payment
Balance Due $1,120,000

Assuming the bank will finance this amount for 20 years at 3.75% you would have a monthly payment of $6,640.

This campground with current income can afford to make this payment, hire the workampers along with other help needed to operate this campground and leave an income for the manager/owner/operator.

This is a cash to the seller sale. The purchaser will need to have cash, or be able to secure the proper financing. We will be able to refer a prospective buyer to a bank interested in financing this RV park based on the following:

1. Buyer must have cash on hand for the down payment. If you need to sell your home first, we will not wait.
2. Down payment money cannot be borrowed money.
3. Buyer must have excellent credit to purchase this business.
4. Seller is not willing to take a second lien, carry a first lien or wait until the buyer has adequate down payment.

Additional financial information can be provided to interested buyers with the signing of a confidentiality agreement.

Principals only please.

Amenities

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

Park Information

Number of RV Lots: 108
Year Built: 2007
Average RV Lot Rent: $35
Size: 6.0 acre(s)

Utility Information

Water: City
Sewer: City