RV Park/Campground Details
- Purchase Method: Seller Financing
- Cap Rate: 11.6% (Actual)
- Listing ID: 705491
- Posted On: Sep 15, 2016
- Updated On: Sep 30, 2017
Description
A beautiful 28 unit, big rig friendly RV Park, well located in the small town of Sequim, on Washington states Olympic Peninsula within view of Olympic National Park, close to ocean beaches with easy access to Victoria, B.C. and all Canada has to offer the RVer. 11.5% CAP rate and seller financing to qualified Buyer. This is an easy park to operated with only 28 units ,but the income is exceptional and growing. This park is well managed and has a great reviews by the RVing community and is now for sale for the first time since its construction 11 years ago. Seller has excellent records, operating systems and operating manuals to help the new owner transition the business. Name withheld by request of the Seller. Call Will at 206-841-9556 for additional information and financial data.
Amenities
- Laundromat
- Club House
- Manager Office
- Bathhouse
- Wifi
Park Information
| Number of RV Lots: | 28 |
| Average RV Lot Rent: | $7,250 |
Financial Information (Actual)
| Gross Income: | $224,538 |
| Operating Expense: | $75,639 |
| Net Operating Income: | $148,899 |
| Expense Ratio: | 33.7 % |
| Debt Info: | n/a |
Utility Information
| Water: | City |
| Sewer: | City |