Photo of RV Park/Campground
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: 8.2%
- Listing ID: 1146918
- Posted On: Oct 21, 2019
- Updated On: Feb 12, 2020
Description
***8.26% CAP RATE***PRICE REDUCED!
Guaranteed Income - MANY OF LEASES PAID BY GOVERNMENT AND PRIVATE PROGRAMS. ONLY RV facility in CA Approved for Non Expiring Public Benefits Program. 100% Occupancy rate with a waiting list of renters.
68 rented units/spaces. Room to add 10 more rentable spaces adding over $120,000 more per year in additional income. Secure gated premises. Easy to run business with low operating expenses.
Amenities
- Laundromat
- Manager Office
- Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
| Number of RV Lots: | 58 |
| Average RV Lot Rent: | $900 |
| Size: | 1.4 acre(s) |
Financial Information (Actual)
| Gross Income: | $655,332 |
| Operating Expense: | $159,649 |
| Net Operating Income: | $495,683 |
| Expense Ratio: | 24.4 % |
Utility Information
| Water: | City |
| Sewer: | City |