Contact Information

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,

RV Park/Campground Details

  • Price: $650,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 11.3%
  • Property ID: 982958
  • Posted on Aug 24, 2018

Amenities

  • Laundromat
  • Storage
  • Manager Office
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Park Information

Number of RV Lots: 67
Year Built: 2006
Average RV Lot Rent: $200
Size: 5.9 acre(s)

Financial Information (Actual)

Gross Income $143,052
Operating Expense $69,513
Net Operating Income $73,539
Expense Ratio 48.6 %
Debt Info

Utility Information

Water: Well
Sewer: Treatment Plant

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