RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 1410792
  • Posted On: Mar 22, 2021
  • Updated On: Jun 2, 2022

Description

Town and Country Real Estate, Inc. is please to present Clovis RV Ranch, with 42 RV sites, 3 - 1 bedroom efficiency homes and a very nice owners quarters located in Clovis, NM. Priced at $750,000 the park is being offered at approximately a 9.76% cap rate with a pro-forma NOI of $73100. The park has an excellent reputation with a 4.5 Star google rating. Click this link to see the brochure: https://www.dropbox.com/s/qpvgshqooilu42c/3%20Clovis%20RV%20Ranch%20Brochure.pdf?dl=0
Recent updates include a new Propane Filling Station, remodeled owner's suite, upgraded WIFI system, gravel top the driveway and a new security systems. All 42 spaces have 30 and 50 amp electrical service (pedestals can be  individually  metered).  There are 28 pull through spaces and 14 back-in spaces. 

Location

Clovis RV Ranch is located at 200 Humphrey Road, Clovis, NM 88101 on the east side of Clovis, NM just off of US HY 60-70-84 and is under 1 mile to Clovis Community College and Clovis Civic Center. Clovis / Curry County NM has a population of just under 50,000 and a retail area with plenty of restaurants, grocery stores, hardware stores and the park is minutes away from the Historic Clovis NM downtown featuring 5 banks, 2 brew pubs, 7 restaurants, 4 real estate companies and numerus antique and specialty retail stores.
The park has enough land area to add 30+/- RV spaces.

Amenities

  • Laundromat
  • Club House
  • Manager Office
  • Bathhouse
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 42
Year Built: 2005
Average RV Lot Rent: $375
Size: 8.3 acre(s)

Financial Information (Pro Forma)

Gross Income: $216,433
Operating Expense: $113,449
Net Operating Income: $73,194
Expense Ratio: 52.4 %
Debt Info: none

Utility Information

Water: City
Sewer: City

Video