Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground

RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Listing ID: 1046124
  • Posted On: Mar 25, 2019
  • Updated On: Jul 30, 2019

Description

Details
MLS# 5155719

Description for 7911 N North Shore Drive, Spicer, MN, 56288 - Green Lake
Home over the water, Home in the Park, Two Cabins, Marina Business & 48 unit RV Park w/ house. Ye Olde Mill Inn Resort... The history of the location echos from generations past. Nestled among the shores of beautiful Nest & Green Lakes! This luxury home rests literally over the water! Enjoy the lake lifestyle and resort atmosphere during the summer season. Fold it up & put it on the shelf for the winter. This area was originally settled due to the open water all winter caused by the Crow River water shed. This feature of moving waters boasts nature watching like you would never believe; a bird watchers paradise. The winters are quiet and beautiful here with the four zone HVAC to keep you toasty. Be sure to see the 3D virtual tour.

Listing Information
Property Type: Residential, Single Family, 2 Story

Status: Active

Bedrooms: 11

Bathrooms: 9

Lot Size: 11 Acres

Square Feet: 5,916 sq ft

Year Built: 1850

Garage: Yes

Stories: 2 Stories

County: Kandiyohi

Days On Market: 40

Construction Status: Previously Owned

School Information
District: 345 - New London-Spicer

Room Information
Main Floor

Other: 34X14

Kitchen: 24X14

Upper Floor

Laundry: 5X11

Bathrooms

Full Baths: 4

3/4 Baths: 2

1/2 Baths: 3

Additonal Room Information

Dining: Breakfast Area,Eat In Kitchen,Informal Dining Room,Living/Dining Room

Bath Description: Full Master,Private Master,Main Floor 3/4 Bath,Separate Tub & Shower,Master Walk-Thru

Interior Features
Square Footage above: 5,416 sq ft

Square Footage below: 500 sq ft

Appliances: Microwave, Range, Exhaust Fan/Hood, Refrigerator, Dryer, Dishwasher

Basement: Walkout, Crawl Space, Poured Concrete, Partial, Stone, Concrete Block

Additional Interior Features: Walk-In Closet, Security System, Vaulted Ceiling(s), Skylight, Hardwood Floors, Tiled Floors, Washer/Dryer Hookup, Natural Woodwork

Utilities
Water: City Water/Connected

Sewer: City Sewer/Connected

Cooling: Central

Heating: Forced Air, Natural Gas

Exterior / Lot Features
Garage Spaces: 4

Parking Description: Tuckunder, Detached Garage, Driveway - Asphalt, Garage Dimensions - 20x30

Exterior: Vinyl, Other

Roof: Asphalt Shingles

Additional Exterior/Lot Features: Deck

Waterfront Details
Body of Water: Green Lake

DNR Lake ID: 34007900

Water Front Type: Association Access

Water Frontage: 1,000 Ft.

Lake Acres: 5,561

Lake Depth: 110 Ft.

Community Features
HOA Dues Include: Shared Amenities, Snow/Lawn Care, Parking Space

Homeowners Association

HOA Dues: $3,600 / Yearly

Driving Directions
Vicinity of the corner of North Shore Drive and Old Mill Road
Financial Considerations
Assessments: $738

Tax/Property ID: 277350040

Tax Amount: $16,870

Tax Year: 2018

HomeStead Description: Homesteaded

Amenities

  • Boat Access
  • Manager Office
  • Bathhouse
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 48

Financial Information (Pro Forma)

Gross Income: $200,000
Operating Expense: $80,000
Net Operating Income: $100,000
Expense Ratio: 40.0 %
Debt Info: 1500000

Utility Information

Water: Well
Sewer: Septic

Video