RV Park/Campground Details
- Purchase Method: Seller Financing
- Cap Rate: 10.6%
- Listing ID: 1457810
- Posted On: Jun 14, 2021
- Updated On: Sep 8, 2021
Description
• Under $12k per site, very cheap site cost
• 90 total sites, 88 full hook up RV Sites
• Seller Financing Available: 30% down, 5% IO, balloon payment due in 5 years
• Projected cash on cash return of 23.9%
• Laundry room, community restrooms, and clubhouse
• Seller does no advertising and marketing
• 55+ community
• 50 amp sites
• City Water/ Septic
Location
The city of Wellton offers a peaceful place to stay while being just minutes from Yuma and all of its activities. Some of these activities include shopping, restaurants, golf courses, Yuma boat tours, Quechan and Cocopah Casinos and Resorts, and much more.
Amenities
- Laundromat
- Club House
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
| Number of RV Lots: | 90 |
| Year Built: | 1975 |
| Average RV Lot Rent: | $280 |
| Size: | 5.5 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $180,000 |
| Operating Expense: | $73,204 |
| Net Operating Income: | $106,796 |
| Expense Ratio: | 40.7 % |
Utility Information
| Water: | City |
| Sewer: | Septic |