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Address is 212 Alamo St. Alamogordo, NM 88310

James Wimberly

great western realty

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Shady Grove RV Park

RV Park/Campground for Sale in Alamogordo, New Mexico

212 Alamo St.
Alamogordo, NM 88310

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Sale Price: $650,000

Contact Information

James Wimberly
great western realty

RV Park/Campground for Sale

Year Built: 2006
Number of RV Lots: 67
Average RV Lot Rent: 200
Size: 5.9 acre(s)
Cap Rate: 9.0%
Purchase Method: Cash, Seller Financing, New Loan
Status: Active
Property ID: 982958
Posted on: Aug 24, 2018
Updated on: Aug 24, 2018
Price: $650,000

Property Description

Shady Grove RV Park - 67 spaces on 5.89 acres, with trees and lawns for each space. The park includes an office building with a laundry room. The current rents range from $190/month to $245/month. The occupancy rate in 2017 averaged 80% and the 2018 YTD occupancy is 89%. The majority of the tenants are long term (95%) and leased on a monthly basis (tenants pay on the 1st of the month). The tenants pay their own electricity, cable and propane. The park has access and visibility to Highway 54/70 via a signalized intersection with Alamo St. The park has upside in the rents and has additional land available or expansion. Shady Grove RV Park is well established and located in the growth area of Alamogordo NM,

Park Information

Year Built:2006
Size:5.9 acre(s)

Financial Information (Actual)

Gross Income$122,580
Operating Expense$64,332
Net Operating Income$58,248
Expense Ratio 52.5%
Debt Info

RV Space Information

Number of RV Lots:67
Average RV Lot Rent: $200

Utility Information

Sewer:Treatment Plant

Amenities and Other

Laundromat: Yes
Storage: Yes
Manager Office: Yes

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