RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.8%
- Listing ID: 112133
- Posted On: Dec 19, 2011
- Updated On: Apr 30, 2014
Description
Investment Property with a great return. The park consists of 25 park owned homes which 16 of them are currently rented. Park collects income from five lot rents and four RV lot rents. The park is very clean with an abundace of mature oak trees. It is located on a busy Hwy with 470+/- front feet on Hwy 441. There is also a section of the park that is zoned B-5 and offers great frontage. There is a commercial building with 3 nice offices, reception area and small kitchen area. Building also has 2 extra large rooms on other end which can be utilized for storage or converted to more office space. This B-5 section is currently leased to a used car sales company. Call Tamra Curtis for showing or more information 352.209.3681
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Park Information
Size: | 7.9 acre(s) |
Financial Information (Actual)
Gross Income: | $98,720 |
Operating Expense: | $35,980 |
Net Operating Income: | $98,720 |
Expense Ratio: | 36.4 % |