RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.0%
- Listing ID: 1369068
- Posted On: Dec 16, 2020
- Updated On: Jun 10, 2022
Description
Check out this location! This stunning property is completely along the grand Mississippi River and has tons of room to expand. This gem has been in the same family since 1927! There are currently 14 mobile home sites on property and about 150 camping/RV sites. Most are seasonal ranging from $1850 to $2200 per season.
The real deal here is the land. You cannot duplicate this location anywhere else! The fishing is great, the location is great, the people are great! The campground alone NOI's at about $3M and then there is so much water front land to either develop/split off lots/or expand the park t0 make this a money making machine!
You will not be disappointed with this one! Call John at 507-450-5626 to set up your private tour!
Amenities
- Club House
- Storage
- Boat Access
- Manager Office
- Store
Park Information
Number of RV Lots: | 150 |
Year Built: | 1927 |
Average RV Lot Rent: | $1,900 |
Size: | 115.0 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $408,000 |
Operating Expense: | $67,000 |
Net Operating Income: | $341,000 |
Expense Ratio: | 16.4 % |
Utility Information
Water: | Well |
Sewer: | Septic |