RV Park/Campground Details
- Purchase Method: Seller Financing
- Cap Rate: 7.1%
- Listing ID: 1145995
- Posted On: Oct 19, 2019
- Updated On: Jan 31, 2020
Description
REO - LENDER OWNED
POTENTIAL FISHERMANS/DESTINATION RV PARK
8.5 Acres (River Ranch RV) plus 4 adjacent vacant acres
Permanent Homes (Long Term Tenants) plus RV/Storage Area
7.1 Cap Rate on current 41% Occupancy!
Significant upside for local owner/management by leasing and potential dry camping/RV storage
Potential Sportsman/Fisherman's Conversion/Addition to the Property
Property recently taken over from Leasee by Seller
Onsite Manager recalls $14,000 per month collections
Out of state ownership
Seller will Finance to a qualified buyer
Quick Escrow and Closing
Approximate 1,500 Linear Feet of Colorado River Frontage
7 Park Owned Homes Included in Sale - See Rent Roll
Amenities
- Laundromat
- Storage
- Boat Access
- Manager Office
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
Number of RV Lots: | 71 |
Average RV Lot Rent: | $225 |
Size: | 12.5 acre(s) |
Utility Information
Water: | Well |
Sewer: | Septic |