If you are seeking a newer RV park that is fully stabilized, yet with plenty of upside left on the table, then this is your deal! The Safford RV Resort is the premier RV park serving the City of Safford, its surrounding communities, and guests from all over the country. Built in 2007, the park is easy to operate and runs more like a mobile home park (with longer term residents). The park is full-service, includes 92 large spaces, and is situated on 8.38 acres, giving residents ample room between their neighbors. A full amenity package including a clubhouse w/ kitchen, laundry, pool table, private showers/restrooms, pool, and spa give residents a great experience, and the 2,900 elevation allows for year-round enjoyment of the park with surrounding recreation. The resort is on all city services, has cable TV and wi-fi at each space, and is situated in a quiet part of the city surrounded by nature and mountains, yet located just a mile from the main intersection in the city with every major retailer for resident needs. Recent capital improvements include landscaping, new block walls, remodeled clubhouse and pool, new entry, signage, pavement resealing, and more.

At $2,650,00 the park is operating at a 9% cap rate on 2019 actual financials. With some simple operational changes, there is easily room to grow bottom line NOI by 20+% which would bring the pro forma cap rate to 11.5%.

Additional Terms
Seller WILL NOT CARRY.
Seller is open to working with a broker, but will need to work directly with the buyer throughout a transaction.
Seller has received multiple loan quotes of 65-70% LTV, 5.0% int, 20-25 yr am
Preference will be given to CASH buyers
Property is for sale by the owner. Seller would like to have the park in escrow by March 1st, and would encourage all interested parties to submit an offer.