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Address is 7765 Campground Road Delhi, CA 95315

John Grant

Park Brokerage Inc.

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Merced River RV Resort

RV Park/Campground for Sale in Delhi, California

7765 Campground Road
Delhi, CA 95315

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Sale Price: $4,400,000
 

Contact Information

John Grant
Park Brokerage Inc.

RV Park/Campground for Sale

Year Built: 1965
Number of RV Lots: 112
Average RV Lot Rent: 485
Size: 39.3 acre(s)
Cap Rate: 7.7%
Purchase Method: Seller Financing
Status: Active
Property ID: 866886
Posted on: Oct 09, 2017
Updated on: Oct 09, 2017
Price: $4,400,000

Property Description

Very nice 111 sites RV resort located just west of Hwy 99 along the Merced River with lots of green grass and shade trees. The property was originally developed as a mobile home park and was converted to a RV park many years ago. Much of the property has been rebuilt and recent addition of 13 RV sites and replacement of portion of septic sewer. Low rental rates at Daily $45, Weekly $205, and Monthly $485 plus electric. The tenancy is approximately 80% extended stay and 20% transient. The resort is usually full with a waiting list for extended stay sites. The Highway 99 corridor is booming with tremendous economic development between Merced and Modesto that benefits the resort. The resort has great amenities with a huge grass field at the entrance along the river with a new playground, baseball field and a volleyball court, clubhouse, swimming pool, bath house, dog park, picnic area, gated entrance, satellite tv, wifi, pull thru sites, RV storage, horseshoe pits, and resort office. Manager mobile home included in sale. Only approximately 15 acres of the property’s 39.3 acres are developed and the County has indicated additional RV sites are possible.

Park Information

Year Built:1965
Size:39.3 acre(s)

Financial Information (Actual)

Gross Income$750,000
Operating Expense$412,628
Net Operating Income$337,372
Expense Ratio 55.0%
Debt Info$3.0M Seller at 5% for 10 Years

RV Space Information

Number of RV Lots:112
Average RV Lot Rent: $485

Utility Information

Water:Well
Sewer:Treatment Plant

Amenities and Other

Laundromat: Yes
Pool: Yes
Club House: Yes
Storage: Yes
Manager Office: Yes
Bathhouse: Yes
Store: Yes
Wifi: Yes