RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 13.3%
- Listing ID: 1277070
- Posted On: Jun 24, 2020
- Updated On: Dec 28, 2020
Description
2019 Best of Lk Luzerne Award, a unique offering of 36 campsites with 17 rented seasonally, 2 used by management and the remainder rented for short
terms. Water, electric and septic available on each campsite. Bathhouse and laundry located in the center. Projected NOI of $59,893. Undeveloped portion offers the opportunity to add additional sites.for camping or glamping, and expand the existing hiking trails. Also on the parcel are 3 year-round homes to rent or owner-occupy. Super location across from the rodeo and 6 mi either way to Lake George or Lake Luzerne
Location
Upstate New York in Lake George area.
Amenities
- Laundromat
- Bathhouse
- Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
Number of RV Lots: | 36 |
Year Built: | 0 |
Average RV Lot Rent: | $2,000 |
Size: | 8.8 acre(s) |
Financial Information (Actual)
Gross Income: | $77,527 |
Operating Expense: | $17,634 |
Net Operating Income: | $59,893 |
Expense Ratio: | 22.7 % |
Debt Info: | None |
Utility Information
Water: | Well |
Sewer: | Septic |