RV Park/Campground Details
- Cap Rate: 10.0%
- Listing ID: 1273083
- Posted On: Jun 16, 2020
- Updated On: Dec 20, 2020
Description
RV Park with fishing pond located on over 50 acres of property. There are currently 200 spaces available with plenty room to expand. The fishing pond has 7 new fishing piers with a tranquil walking trail through the wooded area around the pond. There's a playground, pool, bathhouse with new showers, laundromat, 30 & 50 amp service available, sewer, internet, 2 rental cabins, a recreation room and a store. Improvements include over 950 tons of asphalt, 6 new washers and dryers in the laundromat. New culverts added and the property has been laser leveled. This property is impeccable! 9% Cap Rate with 50% Occupancy rate. Many of the tenants are monthly rentals.
Location
Located on 50 acres with a Fishing Pond and room to expand
Amenities
- Laundromat
- Pool
- Storage
- Manager Office
- Bathhouse
- Store
- Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
Number of RV Lots: | 200 |
Year Built: | 2004 |
Average RV Lot Rent: | $450 |
Size: | 50.0 acre(s) |
Financial Information (Actual)
Gross Income: | $650,000 |
Operating Expense: | $334,580 |
Net Operating Income: | $342,992 |
Expense Ratio: | 51.5 % |
Utility Information
Water: | City |
Sewer: | Treatment Plant |