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Confidential Saratoga Springs Area RV Resort

RV Park/Campground for Sale in Saratoga Springs, New York

RV Park/Campground for Sale

Year Built: 1970
Number of RV Lots: 152
Average RV Lot Rent: 2700
Cap Rate: 8.8%
Purchase Method: Cash, New Loan
Status: Sold
Property ID: 926423
Posted on: May 08, 2018
Updated on: Aug 21, 2018

Property Description

Please contact Steven J. Tomaso at (518)879-2268 or email at stevenjtomaso@ireinvestment.com for full package. Below is a high level overview.

*152 full hook up sites
*26 additional sites ready for immediate set up
*Approval and planning for 330+ sites
*92 Acres
*Pool
*Club House
*Laundry
*Volleyball
*RV Storage
*Gross income$433,236
*NOI $195,229
*Cap rate for 2017 financials 8.81%
*Cap rate for 2018 financials 9.75% (rental rate increases in effect now)

Park Information

Year Built:1970

Financial Information (Actual)

Gross Income$433,236
Operating Expense$238,007
Net Operating Income$195,229
Expense Ratio 54.9%
Debt Info

RV Space Information

Number of RV Lots:152
Average RV Lot Rent: $2,700

Utility Information

Water:Well
Sewer:Septic

Amenities and Other

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


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