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Address is 4220 Spirit Lake Hwy Silver Lake, WA 98645

Jeremy Rich


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50 Space RV Park For Sale 11% Cap Rate

RV Park/Campground for Sale in Silver Lake, Washington

4220 Spirit Lake Hwy
Silver Lake, WA 98645

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RV Park/Campground for Sale

Year Built: 1963
Number of RV Lots: 50
Average RV Lot Rent: 500
Size: 19.6 acre(s)
Cap Rate: 11.0%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 910461
Posted on: Mar 16, 2018
Updated on: Jun 21, 2018

Property Description

50 Full Hook Up RV Park For Sale $1,782,000 with Upside Potential


19+ Acres with Room to Add 50 Additional RV SPACES


Currently Over 300K in Gross Annual Revenue!


11% Cap Rate!


CURRENT FINANCIALS

Gross Rental Income $328,704.00

Other Income $1,500.00

Vacancy Loss 5% $16,435.00

Effective Gross Income $313,769.00

Taxes $7,600.00


Operating Expenses 35% $109,819.00


Total Expenses $117,419.00


Net Operating Income $196,350.00


Cap Rate 11%

Close to Portland and Vancouver


19.58 Acre Commercial RV Park
50 Total Full Hook Up Spaces 30/50 amp Services
30 Camp Tent Sites
Cable/Phone Service
WiFi
Picnic Tables
Fire Rings
Private 100ft Boat Dock
Office
Apartment Rentals
Commercial Lease Spaces
Laundry Facilities
Restrooms
Showers
Club House
Private Boat Slips
Tiny Home Rental Spaces

Conceptual Plans to Add 50 More Spaces

CLOSE TO THESE ACTIVITIES:
- Water Recreation
- Boating
- Zip Lines
- Wildlife Viewing
- Climbing
- Cross Country Skiing
- Nature Trails
- Wineries
- Mountain Tours
- Mt St. Helens
- Relaxation
- Fishing
- Hunting
- Club House
- Biking
- Back Packing
- Hiking

Amazing Income Producing Property with 40 Full RV Hookups and Ready for More RV Sites!!


Description
This amazing RV Park is Currently Full with a waiting List! Crazy Upside Potential!
Well established and located on the very busy main hwy to Mt St Helens... Think tourism!
Unbeatable location and amenities with well-established full-time customer base!
Beautiful Lake Front location just outside of Portland and Vancouver right off interstate i5 with a huge
tourism base.
The location is everything and the popularity of Mt St Helens and Silverlake will always attract new customers as well as retain the repeat customers!
Easy to manage and a great place to live! Resort is turnkey with assets and real estate!
Fantastic Customer Base! Great Ratings! Friendly tenants, and Easily Managed!

There is available acreage for potential growth opportunity to offer more sites, restaurant, rentals, cabins, tiny homes, coffee stand, store, boat rentals, moorage slip rentals, etc.

See the LoopNet Listing Here


http://www.loopnet.com/Listing/4220-Spirit-Lake-Hwy-Silverlake-WA/12813210/?framed=1

Park Information

Year Built:1963
Size:19.6 acre(s)

Financial Information (Actual)

Gross Income$328,704
Operating Expense$117,419
Net Operating Income$196,350
Expense Ratio 35.7%
Debt Info

RV Space Information

Number of RV Lots:50
Average RV Lot Rent: $500

Utility Information

Water:City
Sewer:Septic

Amenities and Other

Laundromat: Yes
Club House: Yes
Storage: Yes
Boat Access: Yes
Manager Office: Yes
Bathhouse: Yes
Store: Yes
Wifi: Yes


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