RV Park/Campground Details
- Purchase Method: Seller Financing
- Cap Rate: 10.9%
- Listing ID: 101759
- Posted On: Jul 20, 2011
- Updated On: Jul 9, 2012
Description
72 Site RV park on 15 acres. Park could be expanded 134 total spaces. Approximately 5-7 acres developed presently. Water sewer on site and provided to tenants along with trash. Private well with septic system for 62 sites. 42 annual rentals 22 of those are park units. All tenant owned. Existing well sized for expansion. Annual rent $2,040.00 per site $170.00 per month.
On Site owner manager 3/2 CS home 1400 sq. ft. updated & in immaculate condition with fireplace. Also office has a registration area at front of home that is separated from main living space.
Also included in the sale a new 2008 Chariot Park home 12x24 with a 12x40 completely finished add on with 2nd bedroom and 2 bath not rented. This could be used as a single family rental increasing cash flow.
Large storage building 30x40 insulated with 14 high ceiling with A/C unit, with tools and equipment included. Park is in excellent shape, perfect for owner occupied purchaser.
Owner would consider holding 1st position only with $500,000 down to a buyer deemed qualified by the seller.
Gross 2009-2010 Income: $147,720
Owners reported Expenses: $ 27,671
NOI $120,049
NEW ASKING PRICE: $1,100,000
Location
Address is not correct. Please sign a c/a agreement to receive all financial information and the correct address on the RV Park. Thank you.
Amenities
- Club House
- Manager Office
- Storage
Park Information
Number of RV Lots: | 72 |
Size: | 15.0 acre(s) |
Financial Information (Actual)
Gross Income: | $147 |
Operating Expense: | $27 |
Net Operating Income: | $120 |
Expense Ratio: | 18.4 % |
Utility Information
Water: | Well |
Sewer: | Septic |