RV Park/Campground Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 5.2%
- Listing ID: 1457813
- Posted On: Jun 14, 2021
- Updated On: Sep 12, 2021
Description
Great rental/income-producing opportunity! A 35-space RV park for sale that shows long-time pride of ownership. Priced to move at $900,000. This is a nature lover's paradise with 13.4 pristine acres, located adjacent to over 57,000 acres of the largest bird and wildlife refuge in New Mexico. Paved access, 5 minutes from Interstate 25. At the entrance is a compact office with room to expand. The RV park has 35 spaces plus 5 campsites with a separate bathroom facility. The 2,900 square feet owner's home has 4 baths and 3 bedrooms featuring a loft and second-story balcony. Imagine a possible bed & breakfast! Another 25' x 20' building boasts possibly a large banquet hall for group meetings, weddings and parties. The property also features an orchard with 35 pecan-producing trees, with possible expansion into organic farming or equestrian horse facility. Visualize land use opportunities such as 4 newly-constructed cabins.
Property located 1 hour 20 minutes from the major hub of Albuquerque and its international airport and media studios, and 1 hour from Las Lunas, which boasts a new Facebook data center. All a short commute!
Location
From Albuquerque take I-25 S 1 hr 20 min to San Antonio, Exit 139 for US-380 E to San Antonio/Carrizozo, then a right on NM-1 S for about 3 miles. Property is on the right at 1481 NM-1.
Park Information
Number of RV Lots: | 35 |
Year Built: | 1986 |
Average RV Lot Rent: | $400 |
Size: | 13.4 acre(s) |
Financial Information (Actual)
Gross Income: | $65,000 |
Operating Expense: | $18,000 |
Net Operating Income: | $47,000 |
Expense Ratio: | 27.7 % |
Debt Info: | $34,000 SOLAR PANELS |
Utility Information
Water: | City |
Sewer: | Septic |